Shafaq News
Stocks of crude oil in the U.S. Strategic PetroleumReserve fell by about 3 million barrels last week to 316.5 million barrels,the lowest level since April 1983, according to data from the Department of Energy.
The drawdowns are a part of a U.S. agreement to release 172million barrels from the facility. Since the U.S.-Israeli war on Iran beganat the end of February, SPR inventories have fallen by 98.9 millionbarrels as of July 10.
Overall U.S. inventories, including commercial and SPRstocks, have fallen by 123.9 million barrels to 730.8 million barrels as of July 3,the lowest since 1984. The latest data to the end oflast week is expected on Wednesday.
(Reuters)
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