Oil stocks in US Strategic Petroleum Reserve fall by 6.2 million to lowest level since 1983

U.S. Strategic Petroleum Reserve inventories fell by 6.2 million barrels to 319.5 million barrels, the lowest level since April 1983. The draw highlights tightening supply conditions that could support crude prices and influence near-term energy market sentiment.

Analysis

U.S. Strategic Petroleum Reserve inventories fell by 6.2 million barrels to 319.5 million barrels, the lowest level since April 1983. The draw highlights tightening supply conditions that could support crude prices and influence near-term energy market sentiment.