Source: International Business Times
Oil executives are warning the Trump administration that oil prices will likely surge in the next weeks as inventories continue to decrease with the Strait of Hormuz closed. AFP Oil executives are warning the Trump administration that oil prices will likely surge in the next weeks as inventories continue to decrease with the Strait of Hormuz closed. Politico detailed that the warnings came as data showed that fuel makers were largely relying on oil and fuel from storage tanks to replace products no longer arriving.
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