US oil reserves increase - FORECAST

US oil reserves increase - FORECAST
  • Clock-gray 10:18
  • calendar-gray 11 December 2019

According to the calculations of API and finals of the last week (December 2-8), oil reserves of the US have increased, APA-Economics reports citing forecasts of the American Petroleum Institute (API).

US oil reserves increasing by 1,41 mln barrels amounted to 447 mln barrels.

Note that US oil reserves were expected to decrease by 2,8 mln. barrels.

Remind that information about US oil reserves considerably effects oil prices on world market.

Emil Ismayilov

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