Join Nostr
2023-05-02 22:13:42 UTC

MarkHarvey on Nostr: Barrels of Crude Oil in the U.S. Strategic Petroleum Reserve(SPR): The SPR was drawn ...

Barrels of Crude Oil in the U.S. Strategic Petroleum Reserve(SPR):

The SPR was drawn down for 17 months in a row, which contributed to a lower CPI inflation number.

As of the latest reading, the drain has finally stopped; with barrels of crude oil in the SPR stabilizing at 372 million, or about 19 days of supply at current levels of consumption.