The oil market is coming for Donald Trump: US Strategic Petroleum Reserve has now fallen below 300 million barrels
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The International Energy Agency's May report indicates a significant decline in global oil inventories, down by 250 million barrels in March and April, with a Q2 drawdown of 8.5 million barrels per day. The U.S. has released an additional 53.3 million barrels from the Strategic Petroleum Reserve to major companies, marking the second major release this spring.
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