Oil stocks in US strategic petroleum reserve fall to lowest level since 1982
USO•Crude oil stocks in the U.S. Strategic Petroleum Reserve fell to 282.7 million barrels last week, the lowest level since October 1982, as part of a U.S. agreement to release 172 million barrels.
1. Reserve stocks decline
Crude oil stocks in the U.S. Strategic Petroleum Reserve fell to 282.7 million barrels last week, the lowest level since October 1982. The recent drawdowns are part of a U.S. agreement to release 172 million barrels from the facility.
