US oil reserves continue to decline - FORECAST

US oil reserves continue to decline - FORECAST
  • Clock-gray 12:23
  • calendar-gray 06 January 2021

According to the forecasts of American Petroleum Institute (API), commercial oil reserves in US have decreased last week, APA-Economics reports citing the forecast of API.

Last week, US oil reserves has been near to 493,24 mln barrel decreasing by 1,66 mln barrel.

Note that analytics were expecting US oil reserves to decrease by 1,5 mln barrels.

Recall that the information about US oil reserves significantly affects to the price of "black gold" on the world market.

Emil Ismayilov

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