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Breaking Posted 1 hour ago

US Strategic Petroleum Reserve Falls to 42-Year Low of 282.2M Barrels

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US crude oil stocks in the Strategic Petroleum Reserve dropped to 282.2 million barrels last week, the lowest since 1982. Energy supply tightness supports crude prices and lifts CAD; elevated oil costs also feed into inflation persistence, keeping pressure on the Fed rate-cut narrative and supporting USD. Traders watch next whether supply stress translates to broader energy inflation.
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