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US Strategic Petroleum Reserve Hits Lowest Level Since 1983
The U.S. Strategic Petroleum Reserve fell by 5.1 million barrels last week, reaching its lowest inventory level in over 40 years.
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The U.S. Strategic Petroleum Reserve (SPR) saw a consistent decline in crude oil stocks throughout July, starting with a 6.2 million barrel drop to 319.5 million barrels, the lowest level since April 1983. This downward trend continued in the following weeks with additional decreases of 3 million and 5.1 million barrels. By July 20, total stocks reached 311.4 million barrels, marking a significant reduction in the nation's strategic reserves.
The U.S. Strategic Petroleum Reserve fell by 5.1 million barrels last week, reaching its lowest inventory level in over 40 years.
Read the full storyUS crude stocks in the strategic reserve fell by 3 million barrels to 316.5 million, marking the lowest inventory level in over four decades.
U.S. emergency oil stocks fell by 6.2 million barrels to reach 319.5 million, marking the lowest level in over four decades.