US oil inventories (iStock)

Fell by 5.1 million barrels to 311.4 million barrels

America

Houston - Reuters

Published: July 20, 2026 08:52 PM GST Last updated: July 20, 2026 09:17 PM GST

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Data from the US Department of Energy showed that crude oil inventories in the US Strategic Petroleum Reserve fell by about 5.1 million barrels to 311.4 million barrels last week, the lowest level since March 1983.

The oil withdrawals come under a US authorization to draw 172 million barrels from the strategic reserve.

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