US strategic petroleum reserves reach 316.5 million barrels.

The U.S. Department of Energy (DOE) reported that crude oil inventories in the Strategic Petroleum Reserve (SPR) fell to 316.5 million barrels, following a reduction of 3.0 million barrels last week. With this latest decline, the stored volume reached its lowest level since April 1983. According to the U.S. government, the reduction is part of the oil release program foreseen in an agreement authorizing the withdrawal of up to 172 million barrels from the strategic reserve. Since the beginning of the conflict involving the United States, Israel, and Iran in late February, SPR inventories have already decreased by 98.9 million barrels, considering data up to July 10th. The continued releases occur amidst tensions in the Middle East, at a time when Washington seeks to bolster the global oil supply and reduce the impacts of the volatility of international commodity prices.

This text was translated by machine from Brazilian Portuguese.