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BlockBeats News, May 20th, the US EIA Crude Oil Inventories for the week ending May 15th were -78.63 million barrels, with an expected change of -29.42 million barrels and a previous value of -43.06 million barrels. The inventory reduction of the US Strategic Petroleum Reserve (SPR) last week was the largest in history.

According to PolyBeats monitoring, on the prediction market Polymarket, the probability of "WTI Crude Oil hitting a single-day closing price of $110 this month" is 43%, $120 is 19%, and $130 is 8%.