Will US crude oil reserves fall to __ by June 5?
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US EMERGENCY OIL STOCKPILE SEES RECORD DRAWDOWN • • The U.S. Strategic Petroleum Reserve fell by 8.6 million barrels last week, the largest weekly drop on record, as the Trump administration responds to ongoing energy market stress. • • The drawdown surpasses the previous record set under President Biden in 2022 and leaves emergency crude reserves at their lowest level since October 2024. • • Commercial crude and gasoline inventories also declined sharply amid continued disruptions linked to the Strait of Hormuz closure and strong export demand. • • Analysts warn the U.S. is entering peak summer driving season with unusually tight fuel supplies and little room for further shocks.
US EMERGENCY OIL STOCKPILE SEES RECORD DRAWDOWN • • The U.S. Strategic Petroleum Reserve fell by 8.6 million barrels last week, the largest weekly drop on record, as the Trump administration responds to ongoing energy market stress. • • The drawdown surpasses the previous record set under President Biden in 2022 and leaves emergency crude reserves at their lowest level since October 2024. • • Commercial crude and gasoline inventories also declined sharply amid continued disruptions linked to the Strait of Hormuz closure and strong export demand. • • Analysts warn the U.S. is entering peak summer driving season with unusually tight fuel supplies and little room for further shocks.
US EMERGENCY OIL STOCKPILE SEES RECORD DRAWDOWN • • The U.S. Strategic Petroleum Reserve fell by 8.6 million barrels last week, the largest weekly drop on record, as the Trump administration responds to ongoing energy market stress. • • The drawdown surpasses the previous record set under President Biden in 2022 and leaves emergency crude reserves at their lowest level since October 2024. • • Commercial crude and gasoline inventories also declined sharply amid continued disruptions linked to the Strait of Hormuz closure and strong export demand. • • Analysts warn the U.S. is entering peak summer driving season with unusually tight fuel supplies and little room for further shocks.
US EMERGENCY OIL STOCKPILE SEES RECORD DRAWDOWN • • The U.S. Strategic Petroleum Reserve fell by 8.6 million barrels last week, the largest weekly drop on record, as the Trump administration responds to ongoing energy market stress. • • The drawdown surpasses the previous record set under President Biden in 2022 and leaves emergency crude reserves at their lowest level since October 2024. • • Commercial crude and gasoline inventories also declined sharply amid continued disruptions linked to the Strait of Hormuz closure and strong export demand. • • Analysts warn the U.S. is entering peak summer driving season with unusually tight fuel supplies and little room for further shocks.
Nations drawing down oil stocks at record pace, says International Energy Agency
Nations drawing down oil stocks at record pace, says International Energy Agency
Nations drawing down oil stocks at record pace, says International Energy Agency
US energy firms pull record amounts of crude from SPR last week, EIA says
Biggest weekly drain of the US strategic petroleum reserve (so the US can export oil to Asia) on record!
Biggest weekly drain of the US strategic petroleum reserve (so the US can export oil to Asia) on record!
Biggest weekly drain of the US strategic petroleum reserve (so the US can export oil to Asia) on record!
Biggest weekly drain of the US strategic petroleum reserve (so the US can export oil to Asia) on record!
U.S. Energy Information Administration: Crude oil inventories fell by 4.31 million barrels
U.S. Energy Information Administration: Crude oil inventories fell by 4.31 million barrels
U.S. Energy Information Administration: Crude oil inventories fell by 4.31 million barrels
U.S. Energy Information Administration: Crude oil inventories fell by 4.31 million barrels
US petroleum inventories (crude, SPR, refined products) fell by 13.664mb w/w to 1,620.349mb last week • EIA #oott
US petroleum inventories (crude, SPR, refined products) fell by 13.664mb w/w to 1,620.349mb last week • EIA #oott
"An unprecedented supply shock": The International Energy Agency is sounding the alarm about global oil stocks dwindling at a record rate.
"An unprecedented supply shock": The International Energy Agency is sounding the alarm about global oil stocks dwindling at a record rate.
"An unprecedented supply shock": The International Energy Agency is sounding the alarm about global oil stocks dwindling at a record rate.
International Energy Agency: Oil stocks are declining at a record pace
International Energy Agency: Oil stocks are declining at a record pace
International Energy Agency: Oil stocks are declining at a record pace
International Energy Agency: Oil stocks are declining at a record pace
COLUMN: A massive surge in US exports has kept the oil market in check. But the clock is ticking: it's sustaining the flow using a stockpile. And unlike the printing presses of the Fed, it can’t just be topped up with a fresh sheaf of paper. • • @Opinion
COLUMN: A massive surge in US exports has kept the oil market in check. But the clock is ticking: it's sustaining the flow using a stockpile. And unlike the printing presses of the Fed, it can’t just be topped up with a fresh sheaf of paper. • • @Opinion
What is this event about?
This market will resolve to “Yes” if the U.S. Energy Information Administration publishes a weekly figure for U.S. Ending Stocks of Crude Oil in the Strategic Petroleum Reserve less than or equal to the specified value for any week ending on or before June 5, 2026. Otherwise, this market will resolve to “No”.
This market will resolve as soon as the listed value is reached, or once data has been released for the final week ending on or before June 5, 2026, and the listed value has not been reached.
If data has not been released for the final week ending on or before June 5 2026, by June 12, 2026, 11:59 PM ET, this market will resolve based on the data available at that time.
The primary resolution source for this market will be the U.S. Energy Information Administration, specifically the weekly data published for the U.S. Ending Stocks of Crude Oil in the Strategic Petroleum Reserve at https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCSSTUS1&f=W.
Note: this market’s resolution source publishes weekly values of U.S. Ending Stocks of Crude Oil in the Strategic Petroleum Reserve in thousands of barrels. Thus, this will be the level of specificity used to resolve this market.