This news isn't completely unrelated to cryptocurrencies either: when oil prices rise, risk asset sentiment and liquidity expectations both have to change accordingly.

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CryptoFrontier
Global Oil Inventories Could Hit 8-Year Lows by June 2026
Visible Oil Stocks Face Record Decline

Global visible oil stores are set to drop to record lows even if traffic through the Strait of Hormuz restarts by the end of April, according to analysts quoted in reporting from April 24, 2026. Visible stocks—the oil in audited tanks and tracked
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