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Tuesday, 31 May 2022

SPR draw down 5.4m from last week.

US SPR crude inventories fell by 5.4mb w/w to 526.6mb last week

Have you noticed the trend....last few weeks the withdrawal rate is declining. Originally there was chatter that the deeper you go into the caverns the slower the process to pull...

After June possibly under 500m in the SPR....

Keep draining!


Wait for EIA.