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Event Brief

Oil inventories set to drop below 100 days of demand

Global oil inventories are expected to fall below 100 days of demand due to a blockade at Hormuz.
WHO: Global oil inventories
WHAT: Global oil inventories are expected to fall below 100 days of demand.
WHEN: May 24, 2026 at 1:00 PM ET
WHERE: Hormuz
WHY: A blockade at Hormuz is reducing oil supply, pushing inventories toward below 100 days of demand.

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