Global oil stockpiles dropped by about 4.8 million barrels a day between March 1 and April 25, the news agency said NEW YORK, May 10. /TASS/. Global oil reserves rapidly decline over the ongoing Middle East conflict and restrictions on shipping in the Strait of Hormuz, Bloomberg news agency reported. According to the agency, "Morgan Stanley estimates global oil stockpiles dropped by about 4.8 million barrels a day between March 1 and April 25 - far exceeding the previous peak for a quarterly