As countries scramble to tap all available inventories amid the protracted Mideast supply shock, the US is leading the charge on releasing supplies from its strategic reserves.

As countries scramble to tap all available inventories amid the protracted Mideast supply shock, the US is leading the charge on releasing supplies from its strategic reserves.

Global oil stockpiles are shrinking at a record pace this month, with visible crude and fuel inventories falling by 8.7 million barrels daily. This sharp drawdown reflects severe…