The Kobeissi Letter(@KobeissiLetter):BREAKING: Inventories in the US Strategic Petroleum Reserve fell by ~400,000 barrels last week, to 284.6 million barrels, the lowest level since 1982. This marks the 26th consecutive weekly decline, putting inventories down more than -131 million barrels from their high. The drawdown comes 22 days after President Trump said he would be using Venezuelan oil to begin refilling US reserves. America's oil reserves are running extremely low.

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The Kobeissi Letter@KobeissiLetter

2026.09.21 16:49

BREAKING: Inventories in the US Strategic Petroleum Reserve fell by ~400,000 barrels last week, to 284.6 million barrels, the lowest level since 1982. This marks the 26th consecutive weekly decline, putting inventories down more than -131 million barrels from their high. The drawdown comes 22 days after President Trump said he would be using Venezuelan oil to begin refilling US reserves. America's oil reserves are running extremely low.

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