Data on US oil inventories

• Crude oil inventories, fact 0.919M, forecast 3.100M.

Crude oil inventories in the United States unexpectedly declined, showing a noticeably smaller increase in oil reserves, which did not reach 1 million barrels per week, with restrained support for oil prices.

U.S. crude stocks chart

General dynamics of oil remains limited to a three-week side channel, despite data on the reduction of oil reserves in the United States and the growth of optimism. This, in turn, indicates a limited growth. It is also worth noting the preservation of the tense situation in Venezuela, which contributes to the growth of oil prices, but is limited to maintaining the growth of supply.

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Hanzenko Anton

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