OECD Commercial Oil Stock In January Exceeded 5-Year Average By 19Mln Barrels - Report

OECD Commercial Oil Stock in January Exceeded 5-Year Average by 19Mln Barrels - Report

The commercial oil stock of the OECD states in January this year was estimated to be 19 million barrels more than the five-year average, OPEC said in a fresh report

MOSCOW (UrduPoint News / Sputnik - 14th March, 2019) The commercial oil stock of the OECD states in January this year was estimated to be 19 million barrels more than the five-year average, OPEC said in a fresh report.

"Preliminary data for January showed that total OECD commercial oil stocks rose by 22 mb m-o-m to stand at 2,880 mb. This was 4.3 mb higher than the same time one year ago and around 19 mb above the latest fiveyear average," the report said.

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