WASHINGTON, February 3. Commercial oil reserves in the U.S. increased during the week from 22 to 29 January at 7.8 million barrels to 502,7 million barrels. This was announced by the Ministry of energy of the country.
Experts surveyed by Bloomberg had forecast that growth stocks will reach 4 million barrels.
The price of the futures contract for Brent crude on the ICE stock exchange in London fell below $33 a barrel.
In accordance with the short-term forecast of the U.S. Department of energy (EIA), the average price for oil grade Brent in 2016 will be $40 per barrel, and in 2017 will rise to $50 per barrel.