Data on oil reserves in the USA

• Reserves of crude oil in the US is -3,620M, the forecast is -0,400M.
• Data on surplus oil reserves in Cushing (Oklahoma, USA) is -0.556M.

Oil quotes received significant support for the reduction of crude oil reserves in the US and a slight increase in petroleum products. Thus, the reduction in oil reserves in the US can reduce the gap between the main brands of oil BRENT and WTI, which was traced.

Chart of oil reserves in the USA

Despite this, the dynamics of oil is likely to be limited due to the expectation of data on production quotas in OPEC.

Also, read: “Geopolitical risks as the fundamental factors of the market”

Hanzenko Anton