NEW YORK, June 1 (Xinhua) -- The U.S. strategic petroleum reserve fell to 357.1 million barrels as of May 29, marking the lowest inventory level since January 2024, according to the latest data from the Department of Energy.

Crude oil tanker "Chios," left, has its cargo pumped into the Chevron Products Company refinery, one of California's largest petroleum processing facilities, in El Segundo, Calif., on Friday, April 17, 2026. (File photo: AP)

The reserve was down by around 8 million barrels of crude from a week earlier, the data showed.

The weekly draw from the reserve is roughly at a pace with the previous few weeks.