American Petroleum Institute (API) today announced the weekly change of crude oil stock +4.45 million barrels which was the pressure factor on prices after being ascending for the third week. The good news is that talks on OPEC supply decrease have been started which may cause less supply and drive the coming week’s prices.
US crude stock which published by API, has increased 4.1 million barrels WOW while the market expected it to grow 1.4 million barrels! This issue as well as the trade war between the superior economies and the continuous concern about the world’s economy put pressure on demand and decrease prices. China is unpleasant that its…
