(raw materials / closing price /% change)

Oil 52.94 -0.45%

Gold 1,200.40 +0.22%

Pressure on prices also had US bonds yields rally. At present, the yield of 10-year US bonds trading at 2.50%. Since the beginning of the session the yield increased by 3 basis points, or 1.4%.

U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 2.8 million barrels from the previous week. At 488.3 million barrels, U.S. crude oil inventories are near the upper limit of the average range for this time of year.

Total motor gasoline inventories increased by 6.8 million barrels last week, and are above the upper limit of the average range. Finished gasoline inventories decreased while blending components inventories increased last week.

Distillate fuel inventories remained virtually unchanged last week and are above the upper limit of the average range for this time of year. Propane/propylene inventories fell 4.0 million barrels last week but are in the upper half of the average range. Total commercial petroleum inventories increased by 8.9 million barrels last week.

This morning, the New York futures for Brent fell 0.65% to $ 55.08 and WTI fell 0.64% to $ 52.84. Thus, the black gold prices traded in the red zone on the background of the US oil reserves growth.

US crude stocks rose 2.9 million barrels for the week ending January 20, up to 482.2 million, while analysts had expected an increase of 2.8 million barrels, according to data from the American Petroleum Institute. US domestic oil production has increased by more than 6% since mid-2016, but is still below the historical high reached in 2015, about 7%.