Oil inventories are falling as high interest rates make the price of storage costly, top analyst Amrita Sen wrote. That could expose the oil market to a major shock, she warned in the Financial Times. "All this will leave the market vulnerable to shocks and unexpected Opec+ policy moves by the end of the year. Higher rates have forced traders to pay more in financing to hold onto oil-storage consignments. "All this will leave the market vulnerable to shocks and unexpected Opec+ policy moves by the end of the year," she said.

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Persons: Amrita Sen, Buckle, —, Sen, today's backwardation, destocking Organizations: Financial Times, Service, Federal Reserve, Strategic Petroleum Reserve Locations: Asia