US reduces strategic petroleum reserve deposits by 3.2M barrels

EIA reports

• US reduces stocks and strategic petroleum reserve by 3.2 million barrels and later this week
  
• The reserves are now at the lowest level since June 2003
  

Yesterday the acting head of the EIA said that any release from the US strategic petroleum reserve (SPR) would have only short-lived impact on oil markets.

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November 18, 2021 at 03:38AM
Greg Michalowski
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