CNBC
US · 24 mins ago
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Oil price spike turmoil far from over, IEA says as inventories are depleted at “record pace"
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The International Energy Agency reports that global oil supply fell by 1.8 million barrels per day in April, with inventories being depleted at record rates, indicating ongoing market volatility and oil price pressures.
Oil price spike turmoil far from over, IEA says as inventories are depleted at “record pace"
The IEA's oil market report for May noted that global oil supply declined by a further 1.8 million barrels per day in April.
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