U.S. Strategic Petroleum Reserve

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🛢️ Charted: 43-year low

Data: U.S. Energy Information Administration. Chart: Emily Peck/Axios The U.S. oil stockpile is at its lowest level since July 1983, Axios' Emily Peck writes. The U.S. now has 340.3 million barrels in the stockpile — below the low reached during the Biden administration. The previous administration drew criticism when it drew down the reserves to help keep oil prices lower after the Russian invasion of Ukraine.