Bank Of Baku

US commercial oil reserves exceed 440 million barrels

US commercial oil reserves exceed 440 million barrels
# 15 May 2025 10:00 (UTC +04:00)

In the U.S., commercial oil reserves increased by 3,454 thousand barrels after four weeks of growth, reaching 441,830 thousand barrels, APA-Economics reports citing the report published by the U.S. Energy Information Administration (EIA) under the Department of Energy.

According to the information, analysts had previously forecasted that U.S. commercial oil reserves would decrease by 2,000 thousand barrels.

Note that data on U.S. oil reserves significantly affect the price of "black gold" in the global market.

 

 

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