Oil Market Crunch Predicted in Months Amid Geopolitical Tensions

• Francisco Blanch from Bank of America predicts a potential oil crunch in four to five months.
• Oil inventories have been depleted, leading to elevated oil prices.
• Geopolitical conflicts in the Middle East and Russia's invasion of Ukraine contribute to supply disruptions.
• Traders are adjusting their bets on oil prices remaining elevated longer than anticipated.
• Goldman Sachs anticipates crude oil could hit $140 in early 2027 if supply disruptions persist.