| Outcome | Probability | Yes Bid | Yes Ask | 24h Change | Volume | |
|---|---|---|---|---|---|---|
| Above 410M | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Above 411M | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Above 412M | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Above 413M | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Above 413.5M | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Above 414M | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Above 415M | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Above 416M | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Above 417M | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Above 418M | 0% | 0¢ | 0¢ | — | $0 | Trade → |
| Above 419M | 0% | 0¢ | 0¢ | — | $0 | Trade → |
This market tracks the official inventory level of the United States Strategic Petroleum Reserve (SPR) as reported for the week ending April 3, 2026. The SPR represents the world's largest supply of emergency crude oil, and its inventory status is a critical indicator of national energy security and government fiscal policy.
The SPR was established in the 1970s following the 1973-1974 oil embargo to mitigate the impact of supply disruptions. In recent years, the Department of Energy has balanced large-scale emergency releases with ongoing efforts to replenish reserves based on market conditions, maintenance needs, and legislative mandates.
Market prices represent the collective expectation of where the SPR level will fall within specified ranges by the report date, reflecting traders' views on government purchasing and consumption patterns.
Official data is released by the U.S. Energy Information Administration (EIA) in their Weekly Petroleum Status Report.
No, this market tracks the total inventory level officially recorded in storage at the SPR sites, not oil that has been purchased but not yet delivered.
Large-scale maintenance at storage facilities can limit the capacity to hold oil or necessitate temporary transfers, which may influence the reported inventory figures.
Market participants adjust their expectations based on new official policy announcements, which are reflected in the shifting market prices leading up to the report.
The DOE manages replenishment based on long-term goals to refill sites after historical drawdowns; these goals are subject to change based on Congressional budget cycles and oil market volatility.