US Commercial Oil Reserves Rise by Over 3 Million Barrels

Washington: The volume of commercial oil reserves in the United States increased by 3,081 thousand barrels to 464,717 thousand barrels, APA-Economics reports, citing a report published by the U.S. Energy Information Administration (EIA) under the Department of Energy.

According to Azeri-Press News Agency, analysts had previously forecast a decrease of 1,000 thousand barrels in U.S. commercial oil reserves.

It should be noted that data on U.S. oil reserves significantly impacts the price of 'black gold' in global markets.