US oil reserves increase

According to the calculations of American Petroleum Institute (API) and finals of the last week , oil reserves of the US have increased, APA-Economics reports citing forecasts of the Energy Information Administration under the United States Department of Energy.

US oil reserves increasing by 1.16 mln. barrels amounted to 431,1 mln. barrels.

Note that US oil reserves were expected to decrease by 3,57 mln. barrels.

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

Source: Azeri-Press News Agency