API: Oil reserves of US sharply increase

API: Oil reserves of US sharply increase
  • Clock-gray 09:40
  • calendar-gray 08 April 2020

According to the results of the last week (March 30- April 3) oil reserves of the US have sharply increased, according to the calculations of American Petroleum Institute (API), APA-Economics reports citing the forecasts of API.

Oil reserves of the USA have increased by 11,93 mln. barrels and made up 473,83 mln barrels.

Note that oil reserves of the USA have been expected to increase 9,3 mln. barrels.

Remind that the data on the US oil reserves significantly impact the price of the “black gold” on the world market.

Emil Ismayilov

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