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US crude oil stocks in the Strategic Petroleum Reserve were unchanged at 283 million barrels last week, their lowest level since 1982, according to data from the Department of Energy.The recent drawdowns have been part of a US agreement to release 172 million barrels from the facility.
The US Strategic Petroleum Reserve stayed steady last week but could see a renewal of withdrawals in the weeks ahead.
The IEA is racing to finish its record 400-million-barrel release as diesel prices spike. Meanwhile, a federal watchdog warns the U.S. Strategic Petroleum Reserve is aging, shrinking, and operating without a target size.