International Energy Agency & Institute for Supply Management

International Energy Agency: The International Energy Agency has warned about rapidly declining commercial oil stocks and the significant supply disruption caused by the effective closure of the Strait of Hormuz due to the Iran war.

Institute for Supply Management: The Institute for Supply Management>>> reported on the manufacturing purchasing managers index for the United States>>>.

International Energy Agency: The International Energy Agency has called for the unconditional reopening of the Strait of Hormuz to address the energy crisis and has coordinated oil releases from emergency stocks.

Institute for Supply Management: The Institute for Supply Management released data showing increased US manufacturing activity, which is a positive economic indicator.

International Energy Agency: The International Energy Agency warned that global oil inventories could hit critical levels, adding to bullish sentiment in the oil market. Its warnings influence market expectations regarding supply.

Institute for Supply Management: The Institute for Supply Management reported accelerated growth for U.S. services businesses but also noted the pinch of higher prices due to tariffs and expensive oil. Its report provides insights into inflationary pressures.