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U.S. Strategic Petroleum Reserve Falls to Lowest Level Since 1983

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On July 7, data from the U.S. Department of Energy showed that the U.S. Strategic Petroleum Reserve (SPR) crude oil inventory decreased by approximately 6.2 million barrels last week, dropping to 319.5 million barrels, the lowest level since April 1983. This inventory decline is part of the U.S. commitment to release a total of 172 million barrels of crude oil from the Strategic Petroleum Reserve.
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