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Lead report
API Data Shows U.S. Crude Oil Inventory Plunges 9.1 Million Barrels, Boosting Energy Sector
The API weekly report reveals a massive 9.1 million barrel drop in U.S. crude inventories, far exceeding expectations, lifting oil prices in after-hours trading and strengthening energy stocks. Analysts weigh demand recovery and supply bottlenecks, with focus on upcoming EIA data and market implications.