direct: Commercial oil stocks in the United States increased by more than 80 million barrels during the past month, according to the OPEC report.
And revealed the monthly report of the “OPEC” issued on Wednesday, that the total commercial oil stocks in the United States rose by about 81.1 million barrels during the month of April last on a monthly basis to reach 1395 million barrels, according to preliminary estimates.
And that is the US stocks last month are about 136.1 million barrels higher, or 10.8 percent compared to the fourth month of 2019, and 123.7 million barrels higher compared to the average of the last 5 years.
As for the commercial oil stocks of the Organization for Economic Cooperation and Development, it rose by about 57.7 million barrels last March to reach 3002 million barrels.
On an annual basis, oil inventories were about 125.8 million barrels higher in March compared to the same period last year..
According to the OPEC report, Production from the Organization of the Petroleum Exporting Countries increased Of crude to 30.412 million barrels last month, led by Saudi Arabia’s supply.