EnergyReader · 2026-08-10 07:22

US SPR Drops to Four-Decade Low as Commercial Inventory Draws Accelerate

By EnergyReader Newsroom · August 10, 2026

ICE Brent crude front-month was at $83.90 a barrel as of Monday morning, August 10 (2026-08-10), down sharply from $102.75 at the close of Tuesday June 2 (2026-06-02) as partial resumption of Strait of Hormuz flows pulled prices back from their peak. The price retreat has dimmed the urgency visible in June's headlines. The inventory math underlying it has not improved at the same pace.

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