The U.S. added 700,000 bbl of oil to the Strategic Petroleum Reserve in June, the lowest monthly addition in four months, according to the latest Department of Energy data.

There are now 402.8 million bbl of crude in the stockpile, including 146.6 million bbl of sweet crude and 256.2 million bbl of sour crude. All of the June deliveries were of sweet crude, marking a change from recent months, when sour crude dominated the deliveries.

The U.S. has added about 9.23 million bbl to the reserve since the start of the year, with stockpiles now at their highest levels since mid-October 2022. SPR holdings, however, remain more than 38% off highs reached in early 2020, before President Biden began tapping the stockpile in an effort to reduce fuel costs. The withdrawals dropped reserve holdings to a low of 346.758 million bbl in July 2023.

The additions this year have been part of purchases for the stockpile made by the Biden administration before the former president left office.

While President Trump has said he plans to continue efforts to refill the reserve, it remains to be seen if funds for additional purchases will be included in the final fiscal policy package currently being worked on in Congress.

This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.

--Reporting by Steve Cronin, scronin@opisnet.com; Editing by Michael Kelly, mkelly@opisnet.com

(END) Dow Jones Newswires

July 01, 2025 12:00 ET (16:00 GMT)

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