US oil stocks hit 1983 lows

Last week, the U.S. strategic oil reserve declined to its lowest level since 1983, dropping to 340.3 million barrels due to an additional withdrawal of 8.9 million barrels as part of the government's efforts to address the impacts of the war with Iran and to reduce rising energy prices. This decrease is part of the Trump administration's strategy to mitigate the effects of global crises, amid warnings that the reserve level is approaching a fragile point.

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