The U.S. Strategic Petroleum Reserve has dropped below 300 million barrels, leading to a significant rise in international oil prices.

       A CCTV journalist has learned that international oil prices rose significantly on the 10th, while the U.S. Strategic Petroleum Reserve (SPR) fell below 300 million barrels, lingering at the lowest level since the 1980s.

　　By the close of the trading day, the price of light crude oil futures for September delivery on the New York Mercantile Exchange rose by 3.95 U.S. dollars, closing at 82.13 U.S. dollars per barrel, with an increase of 5.05%; the price of London Brent crude oil futures for October delivery rose by 4.17 U.S. dollars, closing at 87.72 U.S. dollars per barrel, representing a 4.99% gain.

　　According to data from the U.S. Department of Energy, the Strategic Petroleum Reserve decreased by 6.1 million barrels in August, and its inventory dropped to 298.7 million barrels, hitting the lowest record since 1983. It is reported that, like other countries, the United States has been releasing crude oil from reserves to make up for supply disruptions caused by the conflicts in the Middle East. The Trump administration ordered the release of 172 million barrels of reserves in March, aiming to stabilize the global market. (CCTV Journalist Cao Jian)

       Source: CCTV News