The Oil Market Absorbed the War Shock, but Buffers Are Running Low
you are currently viewing::The Oil Market Absorbed the War Shock, but Buffers Are Running LowJuly 15, 2026--Less demand, more production, and inventory drawdowns prevented a larger price spike. A quick supply recovery is essential to avoid further damage to the global economy The largest disruption to the global oil market in decades should have sent prices soaring. But after spiking at the start of the war in the Middle East, crude prices soon settled in a range of $90 to $100 per barrel, much lower than many had feared. Why didn’t prices climb higher? The answer is that a combination of factors helped cushion the initial blow. But much of that room has now been used up. Source: imf.org |
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