CommoditiesMedium•28 September 2026•
1 min read
US Strategic Petroleum Reserve Hits Lowest Level Since 1982
Key Facts
1Crude oil stocks in the U.S. Strategic Petroleum Reserve fell to 283.8 million barrels last week.
2The current inventory level is the lowest since October 1982, according to Department of Energy data.
Crude oil stocks in the U.S. Strategic Petroleum Reserve fell to 283.8 million barrels last week. Reuters reported that the current inventory level is the lowest since October 1982, according to Department of Energy data.
The decline reflects ongoing drawdowns from the national emergency reserve. This multi-decade low in strategic reserves is viewed as supportive of oil prices by reducing the global supply cushion and implying future buybacks to replenish the stockpile.