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EIA Forecasts Global Crude Oil Inventories to Hit Multi-Year Lows
The EIA’s disclosure—highlighting record-speed inventory depletion in major economies due to Gulf production losses and the drop in U.S. strategic reserves to 1983 lows—signals a significant tightening of supply. This outlook serves as a major bullish factor to crude oil spot prices and is expected to drive upward momentum in crude oil futures contracts.
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