US oil reserves continue to increase - FORECAST

US oil reserves continue to increase - FORECAST
  • Clock-gray 10:06
  • calendar-gray 09 December 2020

According to the finals of the last week (November 30-December 4), commercial oil reserves of the US increasing by 1,14 mln. barrels amounted to more than 495 mln. barrels., APA-Economics reports citing American Petroleum Institute (API).

Note that US oil reserves were expected to decrease by nearly 1,51 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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