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Emergency Oil Reserves Fall to Lowest Level Since 1984

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(Reuters)—U.S. crude oil stocks in the Strategic Petroleum Reserve fell by 1.6 million barrels in the latest week to 390.5 million barrels, the lowest level since March 1984, the Energy Information Administration said Wednesday.

U.S. East Coast gasoline stocks fell in the period to 47.1 million barrels, the lowest level since November 2012, while refinery utilization in the region rose to 102.9%, the highest on record.

(Reporting by Laura Sanicola)

The post Emergency Oil Reserves Fall to Lowest Level Since 1984 appeared first on Washington Free Beacon.

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