This, from the Financial Times, highlights an important issue to watch in the coming weeks.

While currently high, oil prices would have climbed significantly more were it not for a large drawdown in energy inventories -- this in the high-stakes race between continued depletion and efforts to restore more normal energy shipments from the Middle East.

Adding to the complexity, the remaining inventories are not evenly distributed across energy importers, and neither is the structural resilience or availability of alternative sources.

#economy #markets #middleeastwar #oil #energy