Quartz·1 min read·easy
The U.S. emergency oil reserve has drained to its lowest level since 1983
✦AI Summary
The U.S. Strategic Petroleum Reserve has fallen to its lowest level since 1983, reaching 311.4 million barrels. This decline is attributed to ongoing emergency releases linked to the conflict with Iran.
The SPR dropped to 311.4 million barrels last week as the government continues a 172 million-barrel emergency release tied to the war with Iran
economyworld
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