Global oil inventories depleted, next price spike could roil economies, markets

Global oil inventories are described as dangerously low, with tanker traffic through the Strait of Hormuz still unresolved. Industry executives and analysts warn of another oil price shock in the coming weeks, a development that could spill into broader financial markets. The article points to elevated geopolitical and supply-chain risk for energy markets and global risk assets.

Analysis

Global oil inventories are described as dangerously low, with tanker traffic through the Strait of Hormuz still unresolved. Industry executives and analysts warn of another oil price shock in the coming weeks, a development that could spill into broader financial markets. The article points to elevated geopolitical and supply-chain risk for energy markets and global risk assets.