Friday, May 3, 2024

Emergency Oil Reserves Fall to Lowest Level Since 1984


(Reuters)—U.S. crude oil shares within the Strategic Petroleum Reserve fell by 1.6 million barrels within the newest week to 390.5 million barrels, the bottom degree since March 1984, the Energy Information Administration stated Wednesday.

U.S. East Coast gasoline shares fell within the interval to 47.1 million barrels, the bottom degree since November 2012, whereas refinery utilization within the area rose to 102.9%, the best on document.

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(Reporting by Laura Sanicola)





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