USA Oil inventories grew by 2.4 mln barrels during the last week

/IRBIS, Dec.20, 00/ - MFD-InfoCentre informed that American Petroleum institute (API) announced about increase in oil inventories on the US market by 2.4 mln barrels. Bridge News agency had previously polled economists and forecasted 0.5. -1.0 mln barrels decline. Stocks of oil processed goods including fuel oil decreased by 891 th barrels. The experts had suggested this figure to be equal 1.2-1.5 mln barrels. The USA Ministry of Power Resources would announce data on oil reserves on Wednesday morning. If figures would confirm API data on stocks oil prices will fall further. At the same time, weather conditions should be also considered. There is steady cold weather in Mid West states. It could sustain oil and oil product prices high.