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Commodities

US Oil Reserve Hits 44-Year-Low Amid Global Energy Shortage

Guavy AI Editorial Team
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Oil
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The US Strategic Petroleum Reserve has dropped to its lowest level since 1982 due to the ongoing global energy shortage and tensions over Iran's nuclear program.

According to Department of Energy data, the reserve now holds only a fraction of its capacity, which is a record low for this time period.

The continued drawdown of emergency oil has sparked concerns about the nation's ability to respond to future energy disruptions.

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