Why the Oil Crisis Could Get Much Worse by Fall

The global oil system is running out of room, and the consequences could start accelerating later this year.Chuck Zodda and Marc Fandetti break down the rapidly shrinking margin for error in global energy markets as continued disruptions in the Strait of Hormuz drain inventories and push oil prices above $100 per barrel again.Also covered:Why U.S. oil inventories are falling at one of the fastest rates on recordThe growing risk of supply shortages by late summer or early fallWhy gas tax holidays could actually make the problem worseHow rising fuel prices are reshaping consumer behavior and inflation expectationsWhat President Trump hopes to accomplish during his summit with Xi JinpingWhy NVIDIA CEO Jensen Huang unexpectedly joined the Beijing delegationThe latest warning signs from inflation and bond marketsWhy Walmart is cutting or relocating corporate employeesHow tomato prices became the latest inflation headache for consumers and restaurantsWhy the next phase of the energy crisis may be far more disruptive than markets currently expect.