Commodities and Futures News
US oil reserves have fallen, but prices are not rising
2022.11.23 11:47
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US oil reserves have fallen, but prices are not rising
Budrigannews.com – The Energy Information Administration reported on Wednesday that oil stocks in the Strategic Petroleum Reserve decreased by 1.6 million barrels in the most recent week to 390.5 million barrels, marking the lowest level since March 1984.
U.S. East Coast fuel stocks fell in the period to 47.1 million barrels, the most reduced level since November 2012, while treatment facility usage in the locale rose to 102.9%, the most noteworthy on record.
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