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U.S. Oil Reserves at Record Low, Energy Department Says

Updated 2026-07-15 21:10 UTC 1 source Neutral

The U.S. oil reserve is at a 40-year low, but the Energy Department says there’s still plenty of breathing room with an operational minimum for storage caverns set at about 70 million barrels.

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The U.S. oil reserve is at a 40-year low — but the government says there’s still plenty of breathing room

Energy Department says operational minimum for the storage caverns is about 70 million barrels, a level far lower than oil industry estimates

2026-07-15 20:52 UTC