U.S. Strategic Petroleum Reserve hits lowest level since 1983 while oil prices surge

Biztoc.com - July 23, 2026

U.S. Strategic Petroleum Reserve hits lowest level since 1983 while oil prices surge

Crude oil prices are back over $100 per barrel as the war in Iran escalates. This comes as the U.S. continues to deplete its Strategic Petroleum Reserve to 40-year lows, as it tries to buffer the economic impact of the war. NBC News’ Allie Canal reports.

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