U.S. Oil Reserve Hits 44-Year Low
U.S. strategic petroleum reserve crude oil stocks have decreased to approximately 283.8 million barrels, the lowest level since October 1982, following withdrawals of about 172 million barrels under an emergency stock release agreement. The reserve is the largest emergency oil stockpile in the world, with a maximum capacity of around 714 million barrels, and the current amount exceeds 40% of its capacity, reflecting a significant decline in recent years.
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