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EnergyFreeU.S. commercial crude oil stockpiles plummeted by 6.1 million barrels during the week ending June 19, according to the latest EIA data. This significant draw leaves national reserves at 412.1 million barrels, positioning supply levels 7% below the five-year seasonal average.
EnergyFreeThe burgeoning energy demands of artificial intelligence data centers are drawing parallels to the significant oil consumption associated with cryptocurrency mining. Analysis suggests that the energy required for AI infrastructure could equate to hundreds of barrels of oil equivalent for each Bitcoin minted.