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Global Strategic Petroleum Reserves Depleted Amidst Protracted Strait of Hormuz Conflict
bne IntelliNews - Emerging Markets News·US · JP · IR·3 days ago
API data shows US crude inventories fell 2.6 million barrels for the week ending August 28, with continued SPR draws of 3.1 million barrels aiding commercial stocks. The draw is modest and part of an ongoing trend, with no major supply shock or demand signal, but it may support oil prices marginally.