BREAKING: US oil reserves are set to decline by ~41% to their lowest levels since the 1980s after the US announced a 172 million barrel release. This will drop US oil reserves to ~243.4 million barrels, or just ~34% of total capacity. On top of this, the Strategic Petroleum Reserve must keep about 150 million barrels in place to maintain operational flexibility. This leaves just ~93 million barrels available to draw, or less than 5 days worth of the oil supply that normally passes through the Strait of Hormuz. After the upcoming release, US oil reserves will be down over 400 million barrels since the Russia-Ukraine war. The US strategic oil buffer is rapidly disappearing.(The Kobeissi Letter)