Goldman Says Global Oil Stocks Approaching Eight-Year Low, Depletion Speed a Concern

May 4 (Reuters) – Global oil stocks are approaching their lowest level in eight years, Goldman Sachs ​said on Monday, warning that the speed ‌of depletion was becoming a concern as supplies through the Strait of Hormuz remained restricted. Oil prices jumped ​about 6% on Monday after Iran ​hit several ships in the Strait of … Read more