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U.S. Strategic Petroleum Reserve hits lowest level since 1983 while oil prices surge
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U.S. Strategic Petroleum Reserve hits lowest level since 1983 while oil prices surge
03:57Crude oil prices are back over $100 per barrel as the war in Iran escalates. This comes as the U.S. continues to deplete its Strategic Petroleum Reserve to 40-year lows, as it tries to buffer the economic impact of the war. NBC News’ Allie Canal reports.July 23, 2026
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U.S. Strategic Petroleum Reserve hits lowest level since 1983 while oil prices surge
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