The oil reserves in the U.S. last week rose by 0.7%

The oil reserves in the U.S. last week rose by 0.7%


According to the U.S. Department of energy, oil production in the country for a week have decreased on 0,17% to 9,112 million barrels per day.

MOSCOW, 28 Oct./strong>. Commercial oil stocks in the USA (excluding strategic reserves) for the week ended October 23, increased by 3.4 million barrels, or 0.7%, to 480 million barrels, said in the weekly review of the energy information administration of the Ministry of energy of the country.

Analysts polled by Reuters had expected the index will rise to 3,417 million barrels — up to 480,017 million barrels.

Oil production in the U.S. last week, according to the Ministry, declined by 0.17% or by 16 thousand barrels per day — up to 9,112 million barrels. The oil reserves in the country’s largest terminal Cushing (Cushing) decreased by 0.8 million barrels — to 53.3 million.

Gasoline inventories in the U.S. fell by 1.1 million barrels, or 0.5%, and was 218.6 million barrels. Analysts had expected a decline by to 0.817 million.

Distillate inventories also fell by 3 million barrels, or 2 percent, to 142.1 million barrels. Analysts predicted that the indicator will decrease by 1,683 million barrels.