Vitol Says Oil Stockpiles Will Shrink Rapidly by Year-End

Vitol Says Oil Stockpiles Will Shrink Rapidly by Year-End

The world’s biggest independent oil trader says global stockpiles of the commodity will keep shrinking, offering a starkly more bullish view of the crude market than some of its rivals.Vitol Group said inventories have been falling sharply and will continue to decline this year.

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