finance
U.S. Strategic Petroleum Reserve Drops by Nearly 10 Million Barrels in One Week
The U.S. Strategic Petroleum Reserve recorded its largest weekly decline on record. The draw totaled almost 10 million barrels according to data cited by Patrick de Haan of GasBuddy.
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U.S. Strategic Petroleum Reserve fell by almost 10 million barrels in a single week, the largest weekly decline ever recorded for the reserve. Patrick de Haan of GasBuddy reported the figure based on the most recent weekly data.
The Strategic Petroleum Reserve stores crude oil for emergency use. U.S. Department of Energy.
The reported draw follows routine weekly inventory updates.
No additional details on the cause of the decline were provided in the report.
Transparency
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CorroborationModerate · 1 source
