Oil is getting cheaper due to record increases in fuel stocks in the U.S.

Petroleum becomes cheaper against the background of increasing commercial stocks of fuel in the United States to its highest level in 16 months. Futures price for WTI crude oil for February in electronic trading on the New York Mercantile Exchange (NYMEX) on Thursday morning fell to 1.06 U.S. dollar - up to 36.22 dollars per barrel. Price of the February contract for WTI on Wednesday fell by 0.50 dollars (1.3%) to 37.28 dollars per barrel. Commercial U.S. crude stocks in the week from 3 to 9 January grew by 1.14 million barrels - up to 326.563 million barrels. Stocks of gasoline rose by 2.07 million barrels and were 213.505 million barrels. Commercial distillate inventories rose 6.35 million barrels, reaching 144.167 million barrels. Experts expect an increase in oil reserves at 2.5 million barrels, gasoline inventories - by 1.85 million barrels, distillates - on 1,1 million barrels. Quotation of the February futures on Russian crude oil Rebco the electronic system of CME Globex (NYMEX) on Jan. 14 rose to 0.28 U.S. dollar and reached 45.54 dollars per barrel. On the London ICE Futures Exchange futures price for February London Brent crude rose to 0.25 U.S. dollar - up to 45.08 dollars per barrel, informs "Interfax" referring to agency Bloomberg.