<div id="readability-page-1"><div>Oil futures are down bigly this morning following comments from President Trump that the war in Iran would be ended &#34;very quickly,&#34; but investors remained uncertain about the potential for de-escalation.<blockquote>&#34;We're going to end that war very quickly. They want to make a deal so badly, they're tired of - this should have happened for 47 years,&#34; Trump told a group of Congress members at the White House's annual congressional picnic on Tuesday.&#34;Somebody should have done something about it. And it's going to happen, and it's going to happen fast. And you're going to see oil prices plummet,&#34; the president added.</blockquote>Oil's declines were also reportedly driven by this optimism about a final deal draft peace agreement:<img width="500" height="219" src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/2026-05-20_07-20-26.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/2026-05-20_07-20-26.jpg"/>On Tuesday, two Chinese tankers carrying crude oil traversed the Strait of Hormuz.Another, a South Korean vessel, was passing through it, according to a Reuters report. Jim Reid, of Deutsche Bank, noted that this marks &#34;one of the busiest days since the closure.&#34;However,Iran's Revolutionary Guards also warned on Wednesday that any renewed strikes on Iran could expand the war beyond the region.The IRGC also said it had not used all its capacities against the U.S. and Israel, while warning that their &#34;devastating blows will crush&#34; the adversaries, the IRGC said in a statement on its Sepah News website.For now, all eyes are on the official inventory and supply data (and SPR) after yuuuge draws reported by API overnight...API<ul><li>Crude -9.1mm (-3.4mm exp)</li><li>Cushing -1.4mm</li><li>Gasoline -5.8mm</li><li>Distillates -1.0mm</li></ul>DOE<ul><li>Crude-7.863mm (-6.0mm exp)</li><li>Cushing</li><li>Gasoline -1.548mm</li><li>Distillates +372k</li></ul>Crude stocks tumbled last week (biggest draw since Feb 13th) for the fourth week in a row. Gsoline inventories saw their 14th weekly drawdown in a row whil distillates saw another small build...<img width="500" height="311" src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/bfm5992_0.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/bfm5992_0.jpg"/>Source: BloombergStrategic Petroleum Reserve drawdowns continue to accelerate with 9.92mm barrels/day - a record - drained last week. That means over 10% of the SPR has been drained in the last few weeks...<img width="500" height="313" src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/bfm3018.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/bfm3018.jpg"/>Source: BloombergTotal US crude stocks including the SPR are at the lowest level since June 2025.Gasoline stockpiles continued their steady decline last week, falling another 1.5 million barrels. Stocks are still at the lowest seasonal levels since 2014.<img width="500" height="303" src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/bfm6743_0.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/bfm6743_0.jpg"/>US Crude production dipped very modestly last week...<img width="500" height="312" src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/bfmAA84_0.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/bfmAA84_0.jpg"/>Source: BloombergWTI (July 2026) suddenly plunged below $100 just ahead of the official data (on peace deal optimism) and extended the losses after the big draw...<img width="500" height="329" src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/2026-05-20_07-33-19.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/2026-05-20_07-33-19.jpg"/>Finally, though the closure of the Strait has already pushed oil prices up by more than half, analytics firm Woods Mackenzie said if the war is extended until the end of the year, oil prices could rise as high as US$200 per barrel, though a quick settlement could lower Brent prices to US$80 by year end.<blockquote>&#34;The Strait of Hormuz is the most critical chokepoint in global energy markets, and a prolonged closure would become far more than an energy crisis,&#34; said Peter Martin, head of economics at Wood Mackenzie. &#34;The longer disruption persists, the greater the impact on energy prices, industrial activity, trade flows and global economic growth.&#34;</blockquote>The market is awaiting the start of the high-demand U.S. summer driving season, which begins with this weekend's Memorial Day holiday.It appears that American drivers will face the highest gas prices ever for Memorial Day...<img width="500" height="311" src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/bfmF3CA.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://files.zhedge.com/cdn-cgi/image/width=1920,quality=75,format=auto/https://assets.zerohedge.com/s3fs-public/inline-images/bfmF3CA.jpg"/>...not great for Midterms/Approval ratings.</div></div>

西方石油

美国油气勘探与生产 ETF - iShares

能源业 ETF - Vanguard

油价因特朗普总统关于伊朗战争迅速结束的言论而显著下跌，这引发了对和平协议的乐观情绪。然而，紧张局势依然存在，伊朗革命卫队警告可能会出现升级。最近的库存数据显示，原油和汽油库存大幅下降，战略石油储备经历了创纪录的减持。分析师预测，如果冲突持续，油价可能会飙升，而迅速解决问题则可能大幅降低价格。市场也在为美国夏季驾驶季节即将到来的高油价做好准备

Oil Prices Extend Decline After Huge Inventory Draws, Record SPR Drain

ZeroHedge

美国 WTI 原油 ETF

德银原油基金 - PowerShares

油气服务 ETF - Market Vectors

美国石油设备与服务 ETF - iShares

美国布伦特原油期货基金

油气开采 ETF - SPDR

能源业 ETF - SPDR

炼油公司指数 ETF - VanEck Vectors

美国近 12 月期原油期货 ETF

标普全球能源股指数 ETF - iShares

标普油气设备与服务 ETF - SPDR

美国汽油基金 ETF - Concierge Technologies

2 倍做空彭博原油 ETF - ProShares

德意志银行

Deutsche Bank AG Subscription Rights

Deutsche Postbank AG

在大量库存减少以及创纪录的战略石油储备消耗之后，油价继续下跌