Follow U.S. Immigration and U.S. Investment: According to a report from the Russian newspaper Komsomolskaya Pravda on February 22, the international futures price of North Sea oil, marked by Brent crude, fell by $0.39 in April, reaching $109.91 per barrel.
International oil prices declined after the U.S. Secretary of Energy released the latest weekly report on domestic oil reserve inventories this Friday. The international futures price of North Sea oil, marked by Brent crude, fell by $0.39 in April, reaching $109.91 per barrel. In March, the international futures price of light crude oil, represented by West Texas Intermediate, fell by $0.45, reaching $102.30 per barrel.
This Wednesday, February 20, the U.S. Secretary of Energy announced: “As of February 14, the U.S. commercial oil reserves (excluding the Strategic Petroleum Reserve) increased by 1 million barrels, totaling 362 million barrels. Gasoline inventories increased by 300,000 barrels, totaling 233.4 million barrels.” In addition, oil reserves in the Cushing area (the heart of U.S. oil) decreased by 1.7 million barrels, leaving 35.9 million barrels.