AFP.
Commercial reserves were reduced by 11.5 million barrels driven by the increase in historical oil exports.
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Oil extraction in California, United States.
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US crude stocks fell and exports reached a record high, according to data from Friday from the US energy agency (EIA).
Read also: Oil soars after the death of Iranian General Qasem Soleimani
In the week closed last Friday, commercial reserves were reduced by 11.5 million barrels and remained at 429.9 million. The decline greatly exceeded the 3 million decline expected by analysts consulted by the Bloomberg agency.
The fall was greatly stimulated by an increase in exports that stood at the historical volume of 4.46 million barrels per day (MBD) against 3.63 MBD of the previous week.
On the contrary, China broke a record in oil imports, because in November the Asian power bought 11.18 million barrels per day, exceeding the US record of 10.77 million, established in June 2005.
According to analysts, China’s purchases will likely continue to increase until next year as the new refineries in Zhejiang and Zhanjiang raise demand for crude oil and since a much anticipated tax incentive increases national production of marine fuel.
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The United States achieves record of export of crude oil and its stocks go down
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