Bank Of Baku

US oil reserves decreased

US oil reserves decreased
# 22 December 2022 09:08 (UTC +04:00)

According to the results of last week, US commercial oil reserves decreased by 5,894 thousand barrels and amounted to 418,234 thousand barrels,  APA-Economics reports citing the report published by the Energy Information Administration (EIA) under the US Department of Energy.

Previously analysts predicted that the US commercial oil reserves would decrease by 1,657,000 barrels.

Notably, commercial oil reserves in the United States increased after four consecutive weeks of decline.

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

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