US strategic oil reserves fall to their lowest level since June 1987

The U.S. Strategic Petroleum Reserve for the week ending May 27 fell by 5.4 million barrels to 526.6 million, according to a weekly review by the country’s Energy Information Administration.
Thus, the index reached its lowest level since the week of June 1987, when the country’s strategic oil reserves reached 526.4 million barrels.
It follows from the data of the Ministry of Energy in the country that the US strategic oil reserves have been declining weekly since the beginning of September.
The European Union approved, earlier today, Thursday, the adoption of the sixth package of sanctions against Russia, which includes a ban on imports of Russian oil by sea.
The price of Brent crude, according to trading data on May 31, exceeded $123 a barrel, for the first time since March 24.