The price of oil began to decline on the data about unexpected growth of stocks in the United States

World oil prices during the bidding environment is switched to the negative dynamics after the U.S. energy Department reported an unexpected increase in stocks of "black gold" in the country at the end of December, 16 weeks, RIA Novosti reported, citing market data.

As at 20.35 the cost of the February futures for North sea petroleum mix of mark Brent has decreased on 0,43% - to 55,11 USD per barrel. The price of February futures for oil WTI were down 0.24 percent - 53,16 USD per barrel.

According to the report of U.S. Department of energy, commercial oil reserves in the country (excluding strategic reserves) for the reporting week increased unexpectedly by 2.3 million barrels, or 0.5 percent to 485,4 million barrels. The analysts believed that the reserves decreased by 2,515 million barrels to 480,69 million barrels.

At the same time, the oil reserves in the country's largest terminal Cushing declined by 0.3 percent, or 0.2 million barrels, amounting to 66.3 million barrels.

Oil production in the United States during the reporting week, according to the Ministry, declined by 0.11 percent, or 10 million barrels per day, up to 8,786 million barrels per day.

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