Oil market four weeks from 'tipping point' with warnings price at pumps could rocket
Israel
The oil market is just four weeks away from a “tipping point” which could drive prices significantly higher, it has been warned. Donald Trump has told oil company executives the blockade of the Strait of Hormuz could “continue for months” raising fears global stockpiles could dip below critical levels. Analysts fear stocks of crude, gasoline, diesel and jet fuel could hit critically low levels by the end of the month at which point prices will soar. Frederic Lasserre, head of research at Gunvor,
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