Happening faster than projected a month ago. This is a byproduct of Big Brain Trump pushing for expedient exports of soon to be scarce oil.
Before the war started, the US had ~415mb of oil in the SPR. So far, ~133mb have been “leased” for May, June, and July deliveries. SPR All-time low in 2023: ~347mb. New ATL coming: ~282mp.
Sour down ~6.1mb to 231.9mb, sweet to 142,2 mb.
🚨 RECORD weekly SPR draw.
US SPR crude inventories: -9.9mb w/w → now at 374.2mb
— Sour: -6.1mb → 231.9mb
— Sweet: -3.9mb → 142.2mb
The 43-year low of 347mb is now 27mb away.
At this pace — 3 weeks.
The clock is no longer ticking. It’s sprinting.#OOTT https://t.co/221jgwzBr1— Qasem Al-Ali (@AlaliQasem) May 18, 2026
🎥 “Wall Street Has No Concept oSweet down ~3.9m— MacroEdge (@MacroEdgeRes) May 18, 2026
Markets Are Sleepwalking Into an Oil Shock
Former Goldman Sachs commodities chief Jeff Currie says markets are treating a deepening global oil deficit like a routine price fluctuation, even as inventories rapidly drain… https://t.co/SEojtkzpBr pic.twitter.com/8mgBXlzpIF
— Drop Site (@DropSiteNews) May 18, 2026
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