US crude stocks hit their lowest level since 2018, but market odds for crude oil reaching a new all-time high by September 30 drop to 4.5% YES.

Oil prices drop significantly as supply issues ease. New all-time high for crude oil by September at 9.5% YES.

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 6.072 million barrels in the week ending June 26. In the week prior, US…