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Oil Market Report

Coverage of Oil Market Report in the Nexus archive.

Earliest in view: May 13 · 12:12 UTCMost recent: May 13 · 12:12 UTC

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BUSINESSMay 13 · 12:12 UTCCNBC TOP
Oil price spike turmoil far from over, IEA says as inventories are depleted at “record pace"
The International Energy Agency (IEA) reports that global oil supply declined by 1.8 million barrels per day in April, depleting inventories at a record pace. This decline indicates ongoing turmoil in oil prices. The IEA's oil market report for May highlights the severity of the situation.