Crude oil supplies at 45-year low
Summary
U.S. crude oil supplies have dropped to their lowest point since 1983. The country's strategic oil reserve now has enough oil to last about 43 days, partly due to ongoing conflict involving Iran.Key Facts
- U.S. crude oil supplies are at a 45-year low.
- The Strategic Petroleum Reserve is the government’s stockpile of oil for emergencies.
- Current oil reserves can cover about 43 days of U.S. crude oil needs.
- The last time reserves were this low was in 1983.
- The conflict involving Iran has affected the oil reserves.
- Bank of America Global Research provided the data on oil supplies.
- Lower oil reserves may impact energy prices and security.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
