US Strategic Petroleum Reserve Drops 8.6 Million Barrels, Biggest Weekly Decline on Record

YM Lee

Summary

The US Strategic Petroleum Reserve fell by about 8.6 million barrels last week.
Cointelegraph said the decline was the largest weekly drop on record.
The latest decrease extended the decline in the US Strategic Petroleum Reserve to seven straight weeks.

Forecast Trend Report by Period

The US Strategic Petroleum Reserve shrank by about 8.6 million barrels last week, marking the largest weekly decline on record, Cointelegraph reported.

On May 15, Cointelegraph said the latest drop extended the reserve's losing streak to seven straight weeks. The post estimated last week's decline at about 8.6 million barrels.