Oil markets could be a month away from the moment of truth. Brace for… | HappeningNow.news
Published Date: May 16, 2026

Business & Economy Fortune 1h 56m ago

Oil markets could be a month away from the moment of truth. Brace for a ‘non-linear’ price spike and panic buying, analysts warn

Oil prices could top $130-$140 a barrel next month if the strait remains closed and inventory depletion rates remain steady, according to Capital Economics.

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Oil prices could top $130-$140 a barrel next month if the strait remains closed and inventory depletion rates remain steady, according to Capital Economics.

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