Goldman Sachs says global oil stockpiles fell at a record pace of 8.7mln bpd so far in May, adds “Physical markets continue to tighten, as estimated oil exports through the strait remain at a very low 5% of normal”

PRE-MARKET INDIAN STOCKS NEWS: Ola Electric Mobility (OLAELEC IS) Q4 (INR) net loss 5.0bln (prev. loss 8.7bln Y/Y)

NAB pushes back its next RBA rate hike call to August from June

Goldman Sachs says global oil stockpiles fell at a record pace of 8.7mln bpd so far in May, adds “Physical markets continue to tighten, as estimated oil exports through the strait remain at a very low 5% of normal”

[MARKET ANALYSIS] Asia-Pac stocks mostly rallied after oil prices recently dropped amid hopes for a US-Iran deal

RBNZ Business Survey showed mean business expectations for two-year inflation expectations rose to 2.9% from 2.6%