Could oil prices climb to $160 as global inventories continue to fall?
Global oil inventories are continuing to decline as disruption around the Strait of Hormuz enters its fourth month. With emergency stock releases underway and reserves falling to multi-year lows, analysts are closely watching the risk of tighter supplies and higher energy prices. This report examines the latest inventory data, the International Energy Agency's response, and why concerns are growing about the impact on inflation, economic growth, and global energy markets.
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