U.S. strategic oil reserves reach their lowest level since 1982

 U.S. strategic oil reserves hit their lowest level since October 1982, falling to 283.8 million barrels for the week ending September 25, Reuters reports. The reduction is part of a U.S. plan to release 172 million barrels.

A lower level of strategic reserves was recorded only at the close of the week of October 22, 1982, when the figure stood at 283.393 million barrels.

Meanwhile, Brent crude futures rose $2.28 to $106.60 per barrel, while U.S. WTI crude increased $1.70 to $94.11.