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Breaking Posted 2 hours ago

US Oil Reserves Hit 43-Year Low After 172M Barrel Release

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US emergency crude oil reserves have dropped to their lowest level since 1983 following the Trump administration's release of 172 million barrels to combat rising fuel prices amid Iran war tensions. The massive strategic reserve drawdown could strengthen USD through lower inflation expectations while potentially weakening oil-linked currencies like CAD and NOK as supply concerns ease.
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