Oil stocks in US Strategic Petroleum Reserve fall to lowest level since 1982

Business & Economy October 20, 12:15

The recent drawdowns have been part of an order by US President Donald Trump to release 172 mln barrels from the facility following the closure of the Strait of Hormuz by Iran

NEW YORK, October 20. /TASS/. Stocks of crude oil in US Strategic Petroleum Reserve fell to 282.7 mln barrels last week, hitting the lowest level since October 1982, Reuters reported, citing data from the Department of Energy.

According to the agency, the recent drawdowns have been part of an order by US President Donald Trump to release 172 mln barrels from the facility following the closure of the Strait of Hormuz by Iran.

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