Home Market Outlook Today's Market Summary Global petroleum inventories are being depleted at a record pace, with critical shortages likely within weeks, even if the Strait of Hormuz reopens imminently. OECD crude oil inventories are projected to reach the critical 24-day cover threshold by June, with localized shortages and scarcity pricing emerging as early as mid-May. Refined product inventories, are already at low levels globally, foreshadowing imminent supply disruptions and dramatic price increases. Investors should proactively reduce equity and bond risk, and consider exposure to select stocks poised to benefit from the impending energy crisis. Successful Portfolio Strategy members get exclusive access to our real-world portfolio. See all our investments here » Getty Images In my most recent article, entitled, " Why Isn't Oil Above $200 Yet?…