Fuel demand peak hits inventory depletion; the Middle East hasn't produced new oil yet. How will the oil price story unfold in the third quarter?

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CryptoWorld News reports that International Energy Agency Director Fatih Birol stated on Thursday that the arrival of the summer fuel demand peak, combined with a lack of new oil exports in the Middle East and ongoing inventory depletion, could lead the oil market into a "danger zone" between July and August. Birol pointed out that the world was in an oil surplus during the oil supply crisis triggered by the Iran war, which helped mitigate the impact, but now inventories are continuously decreasing.
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