Oil price continues falling amid the information about an increase in U.S. oil inventories.

January Brent futures were 44 cents or 0.69 % down, at 63.17 on Wednesday morning. At the end of ICE Futures trading session on Tuesday evening, the contracts price went down by 0.23 cents or 0,036 %, to $63.61 a barrel.

January WTI futures were 31 cents or 0.53% down, at 57.68 on Wednesday morning. The contract price went down by 12 cents or 0.21%, to $57.99 a barrel at the end of NYMEX trading session on Tuesday evening.

On Tuesday, American Petrol Institute (API) reported a rise in U.S. crude oil stock of 1.8 million barrels, inventories in distillates climbed by 2.7 million barrels for week ended November 24. Official U.S. Energy Information Administration data will be released on Wednesday afternoon.

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