U.S. oil reserves fall below 2023 levels after Biden-era releases
U.S. oil reserves have dropped below the levels recorded after releases made in 2023. The drawdown follows earlier withdrawals intended to address energy market pressures linked to the Ukraine conflict.
foxnews.comU.S. oil reserves have fallen below the levels that existed after withdrawals made in 2023. The 2023 releases were carried out to address energy market pressures connected to the Ukraine conflict.
Current reserve levels Current holdings sit lower than the post-release figure from that period. No new withdrawal figures or dates appear in the report. The data reflect total strategic reserves measured after the earlier drawdown.
Background on prior releases The 2023 action reduced reserves at the time to respond to supply concerns tied to the Ukraine conflict. The recent decline brings holdings beneath that reduced baseline.
