---
title: "US strategic oil reserve hits lowest level since 2024 amid record draw"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286956962.md"
description: "The US Strategic Petroleum Reserve has reached its lowest level since 2024, with a record draw of 9.9 million barrels last week. The closure of the Strait of Hormuz has disrupted 14 million barrels per day, leading to multi-year low global inventories. Analysts warn that critical fuel inventories may hit operational limits by July, risking a full-blown shortage."
datetime: "2026-05-19T19:21:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286956962.md)
  - [en](https://longbridge.com/en/news/286956962.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286956962.md)
---

# US strategic oil reserve hits lowest level since 2024 amid record draw

Record weekly draw: The US pulled 9.9 million barrels from its Strategic Petroleum Reserve last week, marking the fastest pace in history. Global supply squeeze: Strait of Hormuz closure has disrupted 14 million barrels per day of crude, driving global inventories to multi-year lows. Shortage risk ahead: Analysts warn that critical fuel inventories could hit operational limits by July, potentially triggering a full-blown shortage.

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