Bank Of Baku

US oil reserves decrease-FORECAST

US oil reserves decrease-FORECAST
# 02 February 2022 09:46 (UTC +04:00)

According to the finals of the last week, oil reserves of the US decreasing by 1,645 thousand barrels amounted to 414,544 mln barrels, APA-Economics reports citing outlook of the American Petroleum Institute (API).

Note that US oil reserves were expected to decrease by 1,833 thousand barrels.

Remind that the data on the US oil reserves significantly impact the price of the “black gold” on the world market.

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