emirates7 - Stocks of crude oil in the US Strategic Petroleum Reserve fell by about 3.7 million barrels to 307.7 million barrels last week, the lowest level since March 1983, according to data from the Department of Energy.
The drawdowns are part of a US agreement to release 172 million barrels from the facility to help stabilise prices.
The drawdowns are part of a US agreement to release 172 million barrels from the facility to help stabilise prices.
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