[U.S. Strategic Petroleum Reserve Drops to Lowest Level Since 1983] According to a report by Jinse Finance, on June 30, data from the U.S. Department of Energy showed that crude oil inventories in the U.S. Strategic Petroleum Reserve (SPR) decreased by 5.5 million barrels, dropping to 325.7 million barrels, the lowest level since May 1983. This inventory reduction is part of an agreement by the U.S. to release 172 million barrels of crude oil from the reserve to fill the global inventory gap caused by the Iran conflict and help lower fuel prices. Due to strong U.S. crude oil exports and refining demand, U.S. crude oil inventories have rapidly declined in recent weeks. Since the outbreak of the conflict at the end of February, as of June 19, total U.S. inventories, including commercial inventories and the Strategic Petroleum Reserve, have decreased by 111.4 million barrels, dropping to 743.3 million barrels, the lowest level since 1984.