The U.S. released 5.3 million barrell of crude from the Strategic Petroleum Reserve last week, according to data released Monday by the Energy Department.
The release marked the 21st week that inventories in the national stockpile have fallen, with stocks now at their lowest levels since December 1982.
There were 293.4 million bbl held in the reserve as of Friday, the DOE data show. That includes 100.9 million bbl of sweet crude and 192.5 million bbl of sour crude, the data show.
The latest weekly release included about 4.4 million bbl of sweet crude and 900,000 bbl of sour crude.
The release brings to 11.4 million bbl the amount of crude released from the reserve so far in August. That was on top of 110.5 million bbl released from March through July.
Releases from the U.S. strategic reserve are being conducted under a return-exchange program, with companies that are awarded barrels agreeing to return them, along with additional oil as a premium for the loan.
The Trump administration has said it will release 172 million bbl from the reserve. The U.S. releases are part of a coordinated effort by International Energy Agency member nations to release 400 million bbl from national stockpiles to deal with supply disruptions caused by Iran's closure of the Strait of Hormuz.
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