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The U.S. oil reserve is at a 40-year low — but the government says there’s still plenty of breathing room

Economy MarketWatch By Myra P. Saefong 15 Jul 2026 20:52 1 min read
The U.S. oil reserve is at a 40-year low — but the government says there’s still plenty of breathing room

Energy Department says operational minimum for the storage caverns is about 70 million barrels, a level far lower than oil industry estimates

Energy Department says operational minimum for the storage caverns is about 70 million barrels, a level far lower than oil industry estimates

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