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US Oil Reserve Hits 43-Year Low as Trump Aims to Tame Gas Prices
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US Oil Reserve Hits 43-Year Low as Trump Aims to Tame Gas Prices The US’s emergency supply of crude oil has fallen to its lowest level since 1983 as the Trump administration moves toward completing its plan to release 172 million barrels to ease surging fuel prices spurred by the war in Iran. The Strategic Petroleum Reserve, created after the Arab oil embargo of the early 1970s, has dropped to a near-record low of roughly 340 million barrels, according to Energy Department data released Monday.
US Oil Reserve Hits 43-Year Low as Trump Aims to Tame Gas Prices
The US’s emergency supply of crude oil has fallen to its lowest level since 1983 as the Trump administration moves toward completing its plan to release 172 million barrels to ease surging fuel prices spurred by the war in Iran.
The Strategic Petroleum Reserve, created after the Arab oil embargo of the early 1970s, has dropped to a near-record low of roughly 340 million barrels, according to Energy Department data released Monday.
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