US oil reserves continue to increase – FORECAST


According to the finals of the last week (November 23-27), commercial oil reserves of the US increasing by 4,146 mln. barrels amounted to nearly 992,867 mln. barrels., APA-Economics reports citing American Petroleum Institute (API).

Note that US oil reserves were expected to decrease by nearly 2.272 mln. barrels.

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