Crude Oil October 27, 2026 12:01:32 AM
Oil stocks in US strategic petroleum reserve fall to lowest level since 1982
The recent drawdowns have been part of a US agreement to release 172 million barrels from the facility.
SEATTLE (Oil Monster): Stocks of crude oil in the US Strategic Petroleum Reserve fell to 282.6 million barrels last week, the lowest level since October 1982, according to data from the Department of Energy.
The recent drawdowns have been part of a US agreement to release 172 million barrels from the facility.
Additionally, the US Department of Energy said last week it had authorized an emergency exchange of up to 400,000 barrels of crude oil from the Strategic Petroleum Reserve to address a supply disruption affecting Phillips 66's Lake Charles refinery in Louisiana.
Courtesy: www.reuters.com