U.S. oil reserves have dropped to their lowest level in over four decades, with the Strategic Petroleum Reserve falling below 300 million barrels for the first time since January 1983. Total U.S. crude inventory, including the SPR, has also reached its lowest since March 1985. This decline could impact crude oil prices and market expectations. Prediction markets reflect increased uncertainty, with a 3.4% probability of crude reaching a new all-time high by September 30, and 13% by December 31.
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