© Reuters. Urgent … US oil inventories are positive and better than expectations
Arabictrader.com – The US Energy Administration report issued today, Wednesday, stated that US oil was positive and better than market expectations, as US oil inventories fell by 2.0 million barrels, better than expectations that indicated a rise of only 1.0 million barrels, and it is better than The previous reading, which recorded a decrease in oil inventories by 1.6 million barrels.
It is noteworthy that this indicator measures the change in the total number of American barrels in US oil stocks for commercial companies during the last week, as the Energy Information Administration issues a weekly statement about oil stocks in the United States, whether those produced locally or abroad, and these levels affect oil prices American.
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