United States has oil stock higher than expected

The United States Department of energy reported that surprisingly the country's oil stocks went up twenty times more than expected, reaching 13,830,000 barrels for the week ending Jan. 27. The estimate of industry analysts consultants was between 2.7 and 6,470,000 barrels.

However, despite the unexpected oil prices kept falling before stocks. The WTI oil barrels were at $51.74 falling 0.86 percent, while Brent crude dropped to $54.75 having 0.54% drop. Gasoline stocks also suffered a decline slowing 869,000 barrels, while distillates rose 28900 barrels.

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