Iran war is draining world oil buffer at an unprecedented pace
Paths: Up if visible crude-on-water and the next inventory print reinforce the current balance read. Flat if inventories and flows stay mixed enough to leave crude range-bound....
Source post
Iran war is draining world oil buffer at an unprecedented pace Commercial crude stocks: 857.4 MMbbl (-13.4 w/w) SPR crude stocks: 397.9 MMbbl (-7.1 w/w) In plain terms: the draw leans supportive unless incoming seaborne supply rebounds. More context ->
Follow-up context
Paths: Up if visible crude-on-water and the next inventory print reinforce the current balance read. Flat if inventories and flows stay mixed enough to leave crude range-bound....
This chart leads with commercial U.S. crude stocks, shows SPR reserve barrels separately, and reports total crude stocks as commercial plus SPR for balance-sheet context. Source
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