Trump: The United States is only 4 weeks away from 'depleting oil reserves' According to a report by Golden Finance, on June 18th, President Trump made remarks at the end of the G7 press conference regarding the rapid reduction of crude oil reserves. Trump told reporters, "Our reserves will be depleted in about four weeks. Last week, EIA crude oil inventories in the United States decreased by 8.26 million barrels, and analysts expected a decrease of 3.69 million barrels, a much larger than expected decline. The inventory at the Cushing Hub has been declining for eight consecutive weeks to 20 million barrels, the lowest level since 2014, and most traders believe it has reached the minimum level necessary to maintain operations. Cushing is the physical delivery location for WTI crude oil futures contracts, and its inventory levels are crucial for pricing benchmark US crude oil futures.