Daily Market Updates: U.S. Strategic Petroleum Reserve dips below 300 million barrels

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U.S. Strategic Petroleum Reserve dips below 300 million barrels

CNBC Markets reports the SPR level is the lowest since 1983, falling into a sub-300 million barrel range.

Reported · Written up by our desk · Energy

The U.S. Strategic Petroleum Reserve has fallen below 300 million barrels, reaching its lowest level since 1983, according to CNBC Markets.

The development highlights a continued drawdown of the government’s emergency oil stockpile, with the inventory now in the sub-300 million barrel range.

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CNBC MarketsOil in U.S. Strategic Petroleum Reserve falls below 300 million barrels, lowest since 1983

Commodities

U.S. Strategic Petroleum Reserve dips below 300 million barrels

More like this

Sources

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