NewsMV
Strategic Petroleum Reserve crude oil stocks fell to 284.6 million barrels last week, marking the lowest inventory level recorded since 1982.
The drawdown signals a continued reduction in the government's physical buffer against supply shocks, a move that has long been watched by energy traders as a potential source of additional market supply.
The inventory level sits well below the historical averages that characterized the reserve's role during previous decades of global oil price volatility.
The inventory draw The figure of 284.6 million barrels represents a tangible shift in the supply-side dynamics of the global crude market.
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