The US Department of Energy said that since September 23, the nation’s commercial oil reserves have dropped by 215,000 barrels in a week, totaling 430. 6 million barrels.
Contrary to forecasts that they would increase by 400,000 barrels, the ministry explained that the present level of stocks is around 2% lower than the average of the previous five years.
Last week, gasoline supplies in the US declined by 2. 4 million barrels, while distillate stocks fell by 2. 9 million barrels.
As of 17:43 Moscow time, the price of West Texas Intermediate crude oil increased by 2. 69% to $80. 61 a barrel and the price of Brent crude futures for December increased by 2. 11% to $86. 66 a barrel on the London Stock Exchange.
Author: TASS.
a significant reduction in American oil and fuel reserves
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