Commonground
Senior Moderator
September 11, 2026
The return of China to crude buying and the accelerating inventory drawdowns are also pushing crude oil prices higher, apart from the headlines and U.S. and Iran rhetoric.
In the past two weeks alone, a total of 120 million barrels of oil were drawn down from inventories globally, Sen told Bloomberg.
All these factors are driving crude oil prices toward a “significant leg higher,” the market expert said on Wednesday, the day on which oil prices jumped above $100 per barrel for the first time since July.
Oil prices were on track early on Friday to end a trading week above the $100 a barrel mark for the first time since May.
www.zerohedge.com
Oil Market Has Reached an "Inflection Point": Energy Aspects
Excerpt:The return of China to crude buying and the accelerating inventory drawdowns are also pushing crude oil prices higher, apart from the headlines and U.S. and Iran rhetoric.
In the past two weeks alone, a total of 120 million barrels of oil were drawn down from inventories globally, Sen told Bloomberg.
All these factors are driving crude oil prices toward a “significant leg higher,” the market expert said on Wednesday, the day on which oil prices jumped above $100 per barrel for the first time since July.
Oil prices were on track early on Friday to end a trading week above the $100 a barrel mark for the first time since May.
Oil Market Has Reached an "Inflection Point": Energy Aspects<!-- --> | ZeroHedge
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