Oil price spike turmoil far from over, IEA says as inventories are depleted at “record pace"

The IEA's oil market report for May noted that global oil supply declined by a further 1.8 million barrels per day in April.

By CNBC · CNBC

The IEA's oil market report for May noted that global oil supply declined by a further 1.8 million barrels per day in April.