World oil prices are declining Wednesday morning amid a significant increase in its reserves in the U.S., follows the trading data and comments from analysts.

The price of November futures on Brent crude oil fell by 0.52% to $92.71 a barrel, while October futures on WTI fell by 0.49% to $86.88.

According to the American Petroleum Institute (API), the U.S. commercial oil inventories jumped by 6 million barrels during the week that ended September 9. At the same time analysts expected the indicator to decrease by 200 thousand.