Crude Oil Market to Reach $3.0 Trillion, Globally, by 2033 at 1.5% CAGR: Allied Market Research
Jpmorgan: Crude oil inventories fell sharply, exacerbating concerns about supply shortages.
As of Monday's close, oil prices have shown strong performance, rising nearly 10% from the low point of August 6. JPMorgan analyst Skinglsey pointed out that as the main oil storage center, the inventory of Cushing's oil storage has once again decreased sharply, causing market concerns about the "bottom of the oil tank" (the lowest safe inventory level) in Cushing. It is expected that Cushing's operational bottom may arrive earlier than usual.
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