Crude Oil SPR Inventory Levels at Historical Lows: Does it Even Matter Anymore?
Author: Brynne Kelly 9/11/ 2022
The drawdown in US SPR inventories has been one for the record books this year. Russia's invasion of Ukraine defined 2022, but so did the equal response from the US to release a million barrels per day of inventory from the government coffers. The result is that US strategic reserves are now at historic lows. The risk to e…