API: US commercial oil reserves increase

API: US commercial oil reserves increase
# 24 November 2021 10:11 (UTC +04:00)

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

Last week, US oil reserves made up 435,309 thousand barrels increasing by 2,307 thousand barrels.

Note that analytics were expecting US oil reserves to decrease by 950,000 thousand barrels.

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

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