US commercial crude oil inventories dropped 8 million barrels to 434M, hitting a 20-year low as export demand and refinery activity tighten supply.

US crude stockpiles hit their lowest level since 2004 amid Iran tensions. Crude oil reaching a new all-time high by December 31 at 24.5% YES.

US commercial crude oil inventories dropped 8 million barrels to 434M, hitting a 20-year low as export demand and refinery activity tighten supply.

US crude oil inventories fell 8 million barrels to 434 million, pushing combined reserves to their lowest in over 20 years amid geopolitical tensions and

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 9.119 million barrels in the week ending June 5

The US EIA projects OECD oil inventories will fall below 2.3 billion barrels, nearing multi-decade lows as Middle East conflict disrupts supply through the

The US EIA projects OECD oil inventories will drop below 2.3 billion barrels by December 2026, the lowest since 2003, as Middle East disruptions slash

Crude oil inventories in the United States decreased by 7.2 million barrels during the week ending June 5, according to new data from the U.S. Energy Information Administration…