Oil News: Crude Oil Analysis: Will Inventory Rebuilding Drive Futures Higher?
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Crude oil prices may rebound after a peace deal as low Cushing inventory levels and delayed supply recovery support a bullish oil outlook.
Peace Deal Won’t Fix Cushing
The peace deal is almost done. Washington and Tehran are closing in on terms that reopen the Strait of Hormuz. Traders have already ripped the war premium out of crude oil, knocking prices back toward levels not seen since April.