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US, heavily stockpiling oil

Stocks rose by 16 million barrels in a week

Снимка: ЕРА/БГНЕС

Commercial crude oil inventories in the US increased by 16 million barrels in a week, reaching 435.8 million barrels, the US Department of Energy reported.

The department specified that the current level of inventories is 3% below the five-year average for this time of year.

As of 17:30 Bulgarian time, the price of Brent crude oil futures for delivery in April 2026 on the London ICE exchange fell by 0.2% to 70.63 USD per barrel, while the price of April WTI crude oil futures fell by 0.56% to 65.26 USD per barrel.