Crude oil supplies at 45-year low - The Hill
Crude oil supplies at 45-year low - The Hill
Source: The Hill
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DW NOTE
The SPR was emptied to cap prices in 2022 and never refilled. Now the Strait carries 8 ships instead of 140, WTI is down 32% from its annual high, and Washington has no inventory cushion. Low supplies aren't a market signal — they're what happens when you treat strategic reserves as a political convenience store.