The US Strategic Petroleum Reserve (SPR) is a stockpile of crude owned by the US government. It provides a back-up supply of crude oil if the commercial oil supply is disrupted.
Commercial crude stockpiles in the US posted a bigger draw than projected last week as propane and distillate fuel stocks posted sizable declines, government data showed Thursday. Inventories of crude ...
U.S. crude oil inventories fell for a ninth consecutive week, reaching their lowest level in almost three years, while gasoline stocks continued to build, according to data released Thursday by the ...