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Depleted oil inventories may lift the downside floor for crude

OilPrice reports that executives say global oil stocks are nearly out of buffers after the Iran war enters its eighth month, leaving crude markets more vulnerable to the next Middle East supply shock.

Reported · Written up by our desk · Energy

The world is nearly out of buffers to cushion potential crude supply shocks tied to the Iran war, which, according to OilPrice, is helping lift the underlying floor for oil prices each time the conflict threatens Middle East supply.

OilPrice cites top industry executives saying global oil stocks have been depleted as the war moves into its eighth month, increasing market vulnerability to subsequent disruptions from the region.

The article frames the main issue as reduced inventories, which can leave crude markets less able to absorb supply risk when tensions re-escalate.

Latest closeWTI crude $89.70 ▼1.6%

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