DOE data showed U.S. Strategic Petroleum Reserve (SPR) crude stocks fell 5.5 mln bbl to 325.7 mln bbl, the lowest level since May 1983. The draw is part of a 172 mln‑bbl release agreement aimed at filling post‑Iran‑conflict global supply gaps and easing fuel prices. Strong U.S. crude exports and refinery demand have driven rapid recent declines. Since the late‑February outbreak of the conflict, total U.S. stocks (commercial plus SPR) fell 111.4 mln bbl to 743.3 mln bbl as of June 19, the lowest

2026-06-30

DOE data showed U.S. Strategic Petroleum Reserve (SPR) crude stocks fell 5.5 mln bbl to 325.7 mln bbl, the lowest level since May 1983. The draw is part of a 172 mln‑bbl release agreement aimed at filling post‑Iran‑conflict global supply gaps and easing fuel prices. Strong U.S. crude exports and refinery demand have driven rapid recent declines. Since the late‑February outbreak of the conflict, total U.S. stocks (commercial plus SPR) fell 111.4 mln bbl to 743.3 mln bbl as of June 19, the lowest since 1984.