US Commercial Oil Reserves Fall Below 416 Million Barrels


Baku: U.S. commercial crude oil inventories have decreased by 6.858 million barrels, amounting to 415.966 million barrels, APA-Economics reports, citing a publication by the U.S. Energy Information Administration (EIA) under the Department of Energy.

According to Azeri-Press News Agency, the data indicates that analysts had previously forecast a decrease of 900 thousand barrels in U.S. commercial oil reserves.

It should be noted that information about US oil reserves significantly affects the price of “black gold” on the world market.