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Daniel Lacalle: Global oil and refined product inventories remain below 5-year average

Daniel Lacalle: Global oil and refined product inventories remain below 5-year average
Oil inventories near five-year low average

Daniel Lacalle, chief economist and investment manager at Tressis Gestion, reports that global oil and refined product inventories are currently at the lower end of the 5-year average.

He adds that despite this lower level, there is no critical situation at present, referencing analysis from Morgan Stanley.

Lacalle has recently commented on other significant market issues. He noted that Spaniards allocate 41.4% of gross salary to taxes and contributions, ahead of the OECD average. In a separate post, he reported that Israel's economy and financial markets remain resilient despite ongoing conflict.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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