US Crude Stocks Drop 8.33 Million Barrels in API Data; Combined Draw With SPR Near-Record 17.23 Million

@business

The US’s emergency supply of crude oil has fallen to its lowest level since 1983 as the Trump administration moves toward completing its plan to release 172 million barrels to ease surging fuel prices spurred by the war in Iran. https://t.c

@unusual_whales

US oil reserve has hit a 43-year low, per Axios

@financialjuice

🔴 US oil reserve hits 43-year low as Trump aims to tame gas price

@zerohedge

*US OIL RESERVE HITS 43-YEAR LOW AS TRUMP AIMS TO TAME GAS PRICE

@chigrl

*US OIL RESERVE HITS 43-YEAR LOW AS TRUMP AIMS TO TAME GAS PRICE -BBG

@gasbuddyguy

🚨 BREAKING: The Strategic Petroleum Reserve has just fallen to its lowest level since August 1983- 340.3mb. That's a 42 yr low. No matter where you stand politically, it's a remarkable statistic: America's emergency oil stockpile hasn't bee

@macroedgeres

US oil reserves hit 43-year low as Trump aims to tame gas price with looming midterms #MacroEdge

@tomkloza

This will get little attention today but later this afternoon the DOE will release an assessment of crude oil volumes in the SPR that will probably be 5-million barrels beneath the Biden-era low of 346.8-million barrels on July 7, 2023.

@staunovo

RT @Rory_Johnston: US Strategic Petroleum Reserve now at a fresh lowest level since Summer 1983.

@staunovo

US SPR crude inventories fell by ~8.9mb w/w to a multi year low of 340.3mb last week #oott Sour down ~4.1mb to 211.9mb Sweet down ~4.9mb to 128.3mb

@rory_johnston

US Strategic Petroleum Reserve now at a fresh lowest level since Summer 1983.

@macroedgeres

US SPR crude inventories fell by ~8.9mb w/w to a low of 340.3mb last week #MacroEdge

@tomkloza

For context, today's total inventory of 340.2-million barrels is the lowest such number since November 16, 1984 when we were being regaled by Wake Me Up Before You Go-Go (Wham) and Caribbean Queen (Billy Ocean).

@tomkloza

SPR for June 12 - - Drops 9-million barrels on the nose to 340.2-million barrels. Drop of 4.1-million barrels for sour crude and 3.9-million barrels of sweet crude.

@oilheadlinenews

US SPR crude inventories fell by ~8.9mb w/w to a multi year low of 340.3mb last week @staunovo

@tomkloza

Correction it's a 4.9-million barrel drop in sweet crude.

@oilheadlinenews

US OIL RESERVE HITS 43-YEAR LOW AS TRUMP AIMS TO TAME GAS PRICE

@biancoresearch

@globalmktobserv

‼️US oil inventories are COLLAPSING: US emergency oil stockpiles have dropped to ~340 million barrels, the lowest level since 1983. This comes as US authorities continue drawing from the Strategic Petroleum Reserve (SPR) to help stabilize

@hfi_research

Based on the API vs EIA running error, API was supposed to be more BEARISH than EIA on crude for this week. Because API reported -8.33 million bbls, EIA will report between -9 to -10 million bbls. SPR release of 8.9 million bbls. Total c

@financialjuice

US API CRUDE OIL STOCK CHANGE ACTUAL -8.33M (FORECAST -4.5M, PREVIOUS -9.119M) $MACRO

@financialjuice

US API CUSHING STOCK CHANGE ACTUAL -1.523M (FORECAST -, PREVIOUS -1.125M) $MACRO

@financialjuice

US API GASOLINE STOCK CHANGE ACTUAL 2.479M (FORECAST -, PREVIOUS -1.191M) $MACRO

@financialjuice

US API DISTILLATE STOCK CHANGE ACTUAL -0.461M (FORECAST -, PREVIOUS 1.316M) $MACRO

@oilheadlinenews

API Crude -8.33 million (exp. -4.5 million) Gasoline +2.479 million Distillates -461,000 Cushing -1.523 million SPR actual -8.9 million @JuliOnTwtr