US oil reserves continue to decline - FORECAST

US oil reserves continue to decline  - FORECAST
  • Clock-gray 11:52
  • calendar-gray 13 January 2021

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

According to the information, US oil reserves have been near to 487,42 mln barrels declining by 5,82 mln barrels last week.

Note that the analitics were expecting US oil reserves  to be declined by 2,7 mln barrels.

Recall that the information regarding US oil reserves significantly affects to the price of  “blcak gold” on the world market.

Emil Ismayilov

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