Global Oil Stocks Could Fall by 900 Million bbl Even if Ceasefire is Extended, Citi Says

(Reuters) – Researchers at Citi said on Monday that global crude and product inventories could decline by roughly 900 million barrels even if the United States and Iran agree to a ceasefire extension this week, and both Strait of Hormuz flows and oil production recover to normal levels by the end of June. The bank … Read more