#oil-inventories

#oil-inventories

Global oil inventories are approaching their lowest point in eight years, with Goldman Sachs analysts estimating that stocks could fall to 98 days of global demand by the end of May. Yet if you're looking at the markets, things look relatively rosy. Brent crude prices are hovering around $100 a barrel, down from a post-Iran war peak of $126 in April. West Texas Intermediate crude also stood around $100 a barrel in the past week, down from its April 7 high of $113. (Both benchmarks are still far above their pre-war levels).