U.S. SPR Crude Stocks Fall to 293.4M

The crude oil stockpile in the U.S. Strategic Petroleum Reserve decreased by approximately 5.3 million barrels, reaching 293.4 million barrels last week — the lowest level since December 1982. The U.S. domestic inventory also declined, marking its lowest point in over four decades, amid the effects of geopolitical tensions and global supply issues.

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