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📍 US oil inventories drop sharply, exports hit a record high. The US is taking advantage of high oil prices to sell off
📌 Crude: -0.913M, a significant decrease compared to the expected +2.1M. The first decline in 8 weeks.
📌 Gasoline: -6.328M, also the largest drop since March 2023.
📌 Distillates (Diesel, Heating oil, Jet fuel...): -3.122M continues the downward trend.
📌 Crude exports exceed 5M barrels/day — the highest since September 2025.
📌 Total exports of (crude + products) ~12.7–13M bpd have reached an all-time high.
The US is leveraging high oil prices to draw oil from reserves. Perhaps the attack on Iran is solely for the sake of global peace.