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Breaking Posted 6 hours ago

US Strategic Petroleum Reserve Falls to 283.8 Million Barrels

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US crude stockpiles in the Strategic Petroleum Reserve dropped to 283.8 million barrels last week, the lowest level since 1982. Tighter energy supply backstops crude prices and raises input costs for refiners; higher energy inflation could complicate the Fed's inflation-reduction narrative ahead of the PCE print that anchors current rate-path expectations.
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