Domestic crude oil stockpiles within the Strategic Petroleum Reserve decreased by approximately 800,000 barrels over the previous week. This reduction brings the total inventory down to 283.8 million barrels, representing the smallest volume held in the reserve since 1982.
This latest movement signifies the 27th straight week of inventory contraction for the United States. Since reaching its peak capacity, the reserve has seen a total net reduction exceeding 132 million barrels of crude oil.