Will US crude oil reserves fall to __ by June 5?375M
ResolvedOutcome: Yes$29Kas of
Odds now
This market has resolved Yes. Final market pricing put YES at 100%, as of .
YES100¢
NO0¢
as of
What moved the odds?
7 AI-matched news signals on this market, newest first. Entry price is the called side when the news hit; the signed return marks it against the final price as of .
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.
The US Department of Energy announced the release of 53.3 million barrels of oil from the Strategic Petroleum Reserve to loan energy firms, part of efforts to stabilize prices amid the Iran war. • • The release is part of a broader US commitment to add 172 million barrels to the global market. • • That pledge was announced in March under an International Energy Agency initiative involving more than 30 countries, aimed at adding about 400 million barrels of oil to the global market.
The Trump administration said on Monday it will loan energy companies 53.3 million barrels of crude from the U.S. Strategic Petroleum Reserve as part of a global agreement to calm oil markets that have spiked on the U.S.-Israeli war with Iran.
Largest release of strategic crude oil reserves in the US According to the US Energy Information Administration (EIA), the US Strategic Petroleum Reserve fell by an unprecedented 1.22 million barrels per day (equivalent to about 8.6 million barrels per week) last week. This is the largest weekly release in history, surpassing the rate recorded in 2022, when US President Joe Biden used these strategic reserves after Russia invaded Ukraine. Get the latest news: Site | Ita | Yes | Rubika | Soroush Plus @snntv
Energy Information Administration: US crude oil inventories fell by 2.31 million barrels last week
Weekly crude oil inventories for the current week fall -2.313 million vs -3.291M estimate •
US Strategic Petroleum Reserve inventories drop by 7.1 million, below 400mm, the biggest weekly drain since October 2022
Where does the news lean?
12YES8NO0neutraltrailing 24h
Average match confidence across the listed signals: 99%.
How did this market resolve?
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.
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