U.S. oil hits 1982 low as Trump acts
The U.S. strategic petroleum reserve has fallen to its lowest levels since 1982, reaching 283 million barrels after a decrease of about 800,000 barrels last week. This comes as part of the Trump administration's plan to sell an additional 40 million barrels in the coming months. The United States continues to draw from the reserve amid concerns over global stock shortages, with efforts to extend energy supplies ahead of the midterm elections, including large releases of emergency fuels like diesel. The reserve level is expected to drop to its lowest point since record-keeping began, with the process ongoing and no clear replenishment in sight so far. Despite Trump's assurances that the reserve could be restored for free, experts consider this a complex process that could take years.
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