⛽️ U.S. CRUDE STOCKPILES PLUNGE ROUGHLY 17 MILLION BARRELS AS HORMUZ CRISIS DRAGS ON

⛽️ U.S. CRUDE STOCKPILES PLUNGE ROUGHLY 17 MILLION BARRELS AS HORMUZ CRISIS DRAGS ON U.S. CRUDE INVENTORIES FELL SHARPLY LAST WEEK FOR A COMBINED DRAW OF ABOUT 17 MILLION BARRELS, ACCORDING TO AMERICAN PETROLEUM INSTITUTE DATA. COMMERCIAL CRUDE DREW DOWN 9.1 MILLION BARRELS, WHILE THE TRUMP ADMINISTRATION RELEASED ANOTHER 7.9 MILLION BARRELS FROM THE STRATEGIC PETROLEUM RESERVE — THE NATIONAL EMERGENCY STOCKPILE. 🔸 THE BREAKDOWN: ◽️ CRUDE: -9.1 MILLION BARRELS ◽️ GASOLINE: -1.2 MILLION BARRELS

17-million-barrel API draw and ongoing Hormuz crisis signal tightening supply.