CommoditiesAugust 10 at 11:22 AM

Stocks of crude oil in the US SPR fell by about 6.1mln bbls to 298.7mln bbs last week, lowest since 1983

StockNow breaking-news AI analysis

US SPR levels have hit a 43-year low of 298.7M barrels amid the Hormuz Strait closure. Investors view current releases as insufficient to offset long-term supply risks, keeping oil prices elevated.

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