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Crude oil supplies at 45-year low

The Hill
August 7, 2026 at 2:39 AM
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Crude oil supplies at 45-year low

U.S. crude oil supplies are at a 45-year low as the Iran war continues to tarnish strategic reserves.  Bank of America Global Research data shows that the level of the U.S. Strategic Petroleum Reserve is at its lowest level since 1983, leaving the country with 43 days of crude oil supply, as reported by the…

U.S. crude oil supplies are at a 45-year low as the Iran war continues to tarnish strategic reserves.  Bank of America Global Research data shows that the level of the U.S. Strategic Petroleum Reserve is at its lowest level since 1983, leaving the country with 43 days of crude oil supply, as reported by the…