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Energy

U.S. Crude Oil Inventories Defy Analysts' Expectations

Gasoline inventories, meanwhile, increased by 2.39 million barrels, while oil production declined to 13.269 million barrels per day

28 Oct, 12:59Read in Russian

According to the American Petroleum Institute (API), U.S. commercial crude oil inventories decreased by 2.031 million barrels for the week ending October 23.

During this period, 100,000 barrels were withdrawn from the Strategic Petroleum Reserve to support commercial inventories. The volume of oil in the reserve amounted to 282.6 million barrels.

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