finance
U.S. Crude Oil Stocks in Strategic Petroleum Reserve Drop to Lowest Level Since 1983
Crude oil inventories held in the U.S. Strategic Petroleum Reserve declined by 5.5 million barrels last week to 325.7 million barrels. The total is the lowest recorded since 1983.
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U.S. crude oil stocks held in government storage fell by approximately 5.5 million barrels last week, reaching 325.7 million barrels. The new total marks the lowest level recorded since 1983.
The decline brings the reserve below previous recent levels and continues a multi-week drawdown trend. Government data released this week showed the week-over-week reduction without providing an immediate explanation for the change. Further weekly reports are scheduled to track whether the downward movement continues.
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