U.S. oil reserves fall for first time in seven years ///

According to the U.S. Energy Information Administration (EIA), U.S. crude oil and lease condensate proved reserves dropped 4.7 Bbbl in 2015. This represents an 11.8% decline, from 39.9 Bbbl to 35.2 Bbbl. This was the first drop in crude oil and lease condensate reserves since 2008.

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