Goldman Warns Oil Stocks Near Eight-Year Low

Goldman Sachs warns oil inventories are near an eight‑year low at 101 days of demand, possibly falling to 98 days by end‑May.
Oil prices surged ~6% after Iran attacked ships in the Strait of Hormuz and a UAE port, prompting a US Navy response.
Refined product stocks fell from 50 days pre‑U.S.–Israeli war on Iran to 45 days now, with accessible buffers nearing critically low levels.