[U.S. Strategic Petroleum Reserve Crude Oil Inventory Drops to Lowest Level Since 1983] According to a report by Jinse Finance, on June 23, data released by the U.S. Department of Energy shows that crude oil inventory in the U.S. Strategic Petroleum Reserve has dropped to 331.2 million barrels, the lowest level since June 1983. The government’s emergency oil reserve inventory decreased by 9.05 million barrels, marking the third-largest weekly decline on record. This inventory reduction is part of the U.S.'s previously announced plan to release 172 million barrels of crude oil from the Strategic Petroleum Reserve.