The volume of commercial oil reserves in the United States increased by 3,081 thousand barrels to 464,717 thousand barrels, APA-Economics reports, citing a report published by the U.S. Energy Information Administration (EIA) under the Department of Energy.
According to the data, analysts had previously forecast a decrease of 1,000 thousand barrels in U.S. commercial oil reserves.
It should be noted that data on U.S. oil reserves significantly impacts the price of “black gold” in global markets.