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Crude oil stocks in the U.S. Strategic Petroleum Reserve fell to 285 million barrels last week, the lowest level since November 1982, according to U.S. Department of Energy data. The drawdowns are part of an agreement to release 172 million barrels from the facility.
US Strategic Petroleum Reserve crude oil stocks fell by about 3.6 million barrels to 285 million barrels last week, the lowest since 1982.
U.S. stocks fell Tuesday as crude oil extended higher, pushing the 10-year Treasury yield above 4.8% and reviving bets the Federal Reserve could raise rates next week. The Dow led declines, while Amgen was the biggest drag.