The U.S. released 3.7 million bbl from the Strategic Petroleum Reserve, with stockpiles falling below the 310 million bbl mark for the first time in more than 43 years.

US strategic oil reserve hits lowest level since 1983. Crude oil reaching a new all-time high by September 30 at 5.5% YES, by December 31 at 12.5% YES.

The U.S. released 3.7 million bbl from the Strategic Petroleum Reserve, with stockpiles falling below the 310 million bbl mark for the first time in more than 43 years.