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Oil stocks in US strategic petroleum reserve fall to lowest level since 1982
Stocks of crude oil in the US Strategic Petroleum Reserve fell to 282.2 million barrels last week, the lowest level since October 1982, according to data from the Department of Energy. The recent drawdowns have been part of a US agreement to release 172 million barrels from the facility. Oil drops 6% as Iran signals openness to peace talks The US government said last week that oil companies have agreed to borrow about 40 million barrels of crude from the Strategic Petroleum Reserve, the last batch of the US share of a global deal aimed at controlling fuel prices after the US and Israel started...
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