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MarsBitNews
U.S. EIA Strategic Petroleum Reserve inventories saw the largest weekly decline on record last week
U.S. crude oil inventories decreased by 7.86M barrels for the week ending May 15, far exceeding the expected decline of 2.94M barrels, with the previous value at a decrease of 4.31M barrels. SPR stockpiles saw the largest decline in history. According to PolyBeats/Polymarket predictions, the probabilities of WTI closing at $110, $120, and $130 per day this month are 43%, 19%, and 8%, respectively.
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