Locator: 51954SPR.
WTI: up $2.52; up 2.65%; trading at $97.61. WTI is now closer to $100 than $90. Just saying. The integrated oil companies are slipping significantly along with the rest of the market.
SPR.
SPR inventory level:
The reserve is holding steady at 283 million barrels. This is the lowest inventory level since October 1982, driven by a massive 172-million-barrel emergency drawdown launched earlier this year to stabilize markets following global geopolitical conflicts.
Prior to that, the largest announced release:
The largest Strategic Petroleum Reserve (SPR) release under President Joe Biden was an announced 180 million barrels of crude oil in response to Russia's invasion of Ukraine.
