API Weekly Crude Oil Stock. USA, 23:30 (GMT+2)


A weekly report on the volume of oil reserves in the USA from API is due at 23:30 (GMT+2). The figure shows how much oil and refined products are available in storage. The reduction of oil inventories traditionally leads to an increase in oil prices, and the growth of reserves leads to a decrease in prices. Last week, US oil inventories rose by 2.098 million barrels. If this trend persists, it may put pressure on oil prices.

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