Diesel, petrol, oil price watch

[seafoid]

https://www.ft.com/content/b26ba4ce-4324-4ea9-926d-caf036f20832?syn-25a6b1a6=1

 The oil market is four weeks away from a "tipping point" that will drive prices significantly higher, traders have warned, as the blockade in the Strait of Hormuz reduces global stockpiles below critical levels. Markets are beginning to price in the chances of a much longer conflict, after President Donald Trump told oil company executives on Thursday that the blockade of the Strait of Hormuz could "continue for months". Traders and analysts warned that global stocks of crude, gasoline, diesel and jet fuel will hit critically low levels by the end of May, at which point prices will escalate rapidly.