Bank Of Baku

US commercial oil reserves drop lower than 415 mln. barrels

US commercial oil reserves drop lower than 415 mln. barrels
# 05 October 2023 10:15 (UTC +04:00)

According to the results of last week, U.S. commercial oil reserves decreased by 2,224 barrels and amounted to approximately 414,062 barrels, APA-Economics reports citing the report published by the Energy Information Administration (EIA) under the United States Department of Energy.

Previously, the analysts predicted that the commercial oil reserves of the U.S. would decrease by 446 barrels.

Notably, information regarding U.S. oil reserves significantly affects the price of "black gold" in the world market.

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