Oil Market Resilience Tested

Oil Market Resilience Tested

Author: The Daily News Now! June 6, 2026 Duration: 1:46
Vancouver News Today | 2 Min News | The Daily News Now!
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When the Strait of Hormuz nearly shut down global oil flow, panic predicted sky-high prices—but crude stayed stubbornly under $100 a barrel thanks to US exports, China’s demand drop, reserve releases, and alternative shipping routes. Yet buffers are thinning: inventories are falling fast, US storage is near critical levels, and refiners are fighting over every barrel. China’s eventual rebound could tip the market, and with flexibility shrinking, the world’s oil system is now dangerously vulnerable to even small shocks.

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