Oil stocks in US Strategic Petroleum Reserve fall by 1.2 million barrels to lowest level since 1982
XLE•Drawdowns tied to U.S. release agreement
The drawdowns are part of a U.S. agreement to release 172 million barrels from the facility.
Strategic Petroleum Reserve stocks fall to 1982 low
Stocks of crude oil in the U.S. Strategic Petroleum Reserve fell by about 1.2 million barrels to 285.4 million barrels last week, the lowest level since November 1982, according to data from the Department of Energy.
