Market News: US Strategic Petroleum Reserve Hits Lowest Level Since 1983 at 311.4 Million Barrels — A 43-Year Low With Oil Already at $82
2026-07-20 22:59:42
US Strategic Petroleum Reserve crude oil inventories fell by approximately 5.1 million barrels last week to 311.4 million barrels — the lowest level since 1983, according to Jin10. The drawdown arrives as Brent crude is already trading near $82-85 per barrel following five consecutive days of US strikes on Iran and Hormuz shipping transits at a three-week low of eight ships per day.
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