Washington: Commercial oil reserves in the United States increased by 3,859 thousand barrels, bringing the total to 422,162 thousand barrels, a report by the Energy Information Administration (EIA) under the US Department of Energy reveals.

According to Azeri-Press News Agency, analysts had previously predicted that US commercial oil reserves would decrease by 1,800 thousand barrels. The unexpected increase in reserves comes amidst market expectations and has notable implications for global oil prices.

It should be noted that information on US oil reserves significantly affects the price of black gold in the world market. The fluctuation in reserves is closely monitored by global markets, as it can influence supply and demand dynamics on a broader scale.