CoinMeta data: The U.S. emergency oil reserves have dropped to 282.6 million barrels, the lowest level since 1982, while the price of Brent crude oil remains above $115. The U.S. emergency oil inventory has also fallen to its lowest level in 44 years, resulting in a narrowing supply buffer, despite Washington's approval of additional oil releases. According to data from the Department of Energy, strategic oil reserves decreased to 282.6 million barrels during the week ending October 23. This latest decline occurred as Washington authorized additional emergency oil supplies, with traders weighing whether diplomatic efforts will be able to curb the energy crisis.