Crude inventories in the Strategic Petroleum Reserve fell by 9.1 million bbl last week as the Trump administration continues its program of large releases from the stockpile to help offset supply disruptions caused by the closure of the Strait of Hormuz.

Crude inventories in the Strategic Petroleum Reserve fell by 9.1 million bbl last week as the Trump administration continues its program of large releases from the stockpile to…

America's Strategic Petroleum Reserve (SPR) is shrinking quickly, following record-setting releases initiated to curb gasoline prices before the 2022 midterm elections.