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U.S. crude inventories draw down 4.45M barrels as SPR slips 3.1M

  • U.S. crude inventories drew down 4.45M barrels.
  • 4.45M barrels marked the reported decline in U.S. crude inventories.
  • SPR slipped another 3.1M barrels to 287M, nearing record lows.

U.S. crude inventories fell by 4.45 million barrels, while the Strategic Petroleum Reserve (SPR), the nation’s emergency crude stockpile, declined another 3.1 million barrels to 287 million. The continued drawdown is pushing the strategic cushion toward record lows.

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