Bank Of Baku

US commercial oil reserves significantly decrease - FORECAST

US commercial oil reserves significantly decrease - FORECAST
# 30 August 2023 10:25 (UTC +04:00)

According to the results of last week, U.S. commercial oil reserves decreased by 11,486 barrels and amounted to approximately 422,041 barrels, APA-Economics reports citing the American Petroleum Institute (API).

The analysts predicted that the commercial oil reserves of the U.S. would decrease by 2,900 barrels.

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

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