Oil reserves in the United States for the week decreased by 426 thousand barrels

According to the Ministry of Energy, as of May 7, they amounted to 484.691 million barrels.

Commercial oil reserves in the United States over the past week decreased by 426 thousand barrels and on May 7 amounted to 484.691 million barrels, the US Department of Energy reported.

At the same time, analysts polled by Bloomberg expected a decrease in inventories by 2.1 million barrels.

The price of July Brent crude oil futures on the London ICE exchange rose by 1.79% and was at $69.78 per barrel, WTI oil rose by 1.82%, to $66.47 per barrel.

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Author: Steve Cowan
Graduated From Princeton University. He has been at the Free Press since October 2014. Previously worked as a regional entertainment editor.
Function: Chief-Editor

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