U.S. Strategic Petroleum Reserve hits lowest level since 1983 as oil prices surge

A critical oil cushion rapidly shrinking. America's strategic petroleum reserve or SPR now at its lowest level in more than 40 years. Just 311 million barrels of crude remain in the SPR.About half of where we were just four years ago. and it's 100 million barrels lower than in March with tens of millions more still to be let go after the Trump administration authorized a mass release to help contain the oil price shock from the war with Iran. >> It's one of the largest releases that we've seen in in recent ...