May. 14 at 6:06 PM
$BATL $SKYQ $USO $WTI According to the White House, Xi also expressed interest in increasing purchases of US crude oil. Meanwhile, the IEA said crude and fuel shipments through the Strait of Hormuz fell by nearly 6 million barrels per day in the first quarter and warned that the global oil market is likely to remain significantly undersupplied until October, even if the conflict ends next month. Adding to supply concerns, Saudi Arabia informed OPEC that its oil production had dropped to its lowest level since 1990.
