ME News: On June 10 (UTC+8), the U.S. EIA Strategic Petroleum Reserve inventory decreased by 7.927 million barrels for the week ending June 5, reaching the lowest level since the week of August 18, 2023, compared to the previous value of -7.993 million barrels. For the same week, U.S. EIA crude oil inventories decreased by 7.227 million barrels, compared to an expected decline of 3.974 million barrels and a prior value of -7.974 million barrels. (Jinshi) (Source: ODAILY)
U.S. EIA Strategic Petroleum Reserve inventory falls to 792.7 million barrels.
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Summary
The U.S. EIA strategic petroleum reserve inventory for the week ending June 5 decreased by 792.7 thousand barrels, the lowest level since August 18, 2023. Crude oil inventories fell by 722.7 thousand barrels, surpassing expectations of a -397.4 thousand barrel decline. The prior week’s crude inventory change was -797.4 thousand barrels. As energy markets shift, altcoins to watch may gain momentum as the crypto market responds to broader economic signals.
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