U.S. crude oil supplies have reached their lowest level in 45 years, according to data from Bank of America Global Research. The U.S. Strategic Petroleum Reserve is currently at its lowest level since 1983, providing the country with 43 days of crude oil supply. This situation is attributed to ongoing conflicts in the region, including the war in Iran.
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U.S. Crude Oil Supplies Reach Lowest Level in 45 Years
U.S. crude oil supplies are at a 45-year low, with the Strategic Petroleum Reserve at its lowest level since 1983. Current reserves are sufficient for 43 days of supply, influenced by ongoing regional conflicts.
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Crude oil supplies at 45-year low
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U.S. Crude Oil Supplies Reach Lowest Level in 45 Years