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Oil markets may face moment of truth in June. Brace for a 'non-linear' price spike and panic buying

Oil prices could top $130-$140 a barrel next month if the strait remains closed and inventory deplet...

BUSINESS NEWS May 16, 2026

Oil markets may face moment of truth in June. Brace for a 'non-linear' price spike and panic buying

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.

Author: Fortune

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