US Strategic Petroleum Reserve drops to 298.7M barrels, the lowest since 1983. Crude oil reaching a new all-time high by December 31 at 11.5% YES.

In an aerial view, the Strategic Petroleum Reserve storage at the Bryan Mound site is seen on October 19, 2022 in Freeport, Texas. Brandon Bell | Getty ImagesCrude oil stocks in…

The US Strategic Petroleum Reserve has fallen below 300 million barrels for the first time since 1983, driven by emergency releases tied to the