U.S. emergency oil reserves fell 400,000 barrels last week, total lowest level since November 1983

Did you know that America’s emergency oil stockpiles had a withdrawal last week?

It seems many media outlets have, except for Nikkei.

For the week ending March 31, the U.S. Strategic Petroleum Reserve (SPR) fell 404,000 barrels to 371.175 million barrels, according to the Energy Information Administration (EIA).

The SPR has been untouched since the first week of January, staying put at 371.579 million barrels.

As a result of the latest drawdown, the country’s emergency oil supplies are at their lowest levels since November 1983.