S&P 5007,785.76▼0.2% Nasdaq26,729.16▼0.3% Dow53,732.41▼0.2% Russell 2K3,068.42▲0.5% 10-Yr4.70%+6bp VIX14.25−0.38 WTI$82.40▲1.4% Gold$4,432.00▲1.6% EUR/USD1.157▲0.4% BTC$62,975▲0.0% Nikkei68,309▲1.2%
At close · Fri, Aug 14, 2026
Daily Market Updates.

Commodities

Home›Commodities›Energy›Depleted U.S. Strategic Petroleum Reserve nears risky…

Depleted U.S. Strategic Petroleum Reserve nears risky storage levels

Experts cited by CNBC say the rapid drawdown could physically damage the storage caverns, potentially disrupting operations.

Reported · Written up by our desk · Energy

CNBC Markets reports that the U.S. Strategic Petroleum Reserve is nearing a level that could raise concerns about damage to the caverns used to store oil.

According to the outlet, rapid drawdown of the reserve has experts warning that the caverns themselves, and related storage operations, could be harmed as the inventory falls.

A related CNBC World summary echoes the same concern, pointing to potential effects on how the SPR functions if depletion continues.

← Newer storyLev expands pet insurance tie-up with Healthy Paws via license

More like this

CommoditiesBP signs deal for Phase 2 offshore gas work at Venezuela's Loran field
CommoditiesCrude falls as Persian Gulf tensions ease, gasoline also declines
CommoditiesSomali piracy rises as Hormuz bottleneck reroutes oil shipping
CommoditiesAmazon’s planned Texas gas plant could boost power emissions
CommoditiesTrump says Hormuz Strait could be declared U.S. territory

Sources

CNBC MarketsDepleted strategic oil reserve nears level that raises concerns about damage to caverns, operations
CNBC WorldDepleted strategic oil reserve nears level that raises concerns about damage to caverns, operations

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.