CoinScoopUS EIA data shows six-week rise in crude oil production and record low strategic reserves
According to EIA data for the week ending September 4, US domestic crude oil production increased for the sixth consecutive week, marking the largest weekly gain since June 5, 2026. Refined oil and gasoline inventories also saw their largest increases since July 10 and June 19, 2026, respectively. Meanwhile, the US Strategic Petroleum Reserve has fallen to its lowest level since November 5, 1982.
Summaries are written by AI from the original article. Not investment advice.