The world oil prices have started to sharply drop Thursday, when the U.S. Department of Energy issued statistics on the commercial fuel reserves, which have risen by 4.2 million barrels in one week, reported Lenta.ru, a Moscow-based online newspaper.

As a result, the price of December Futures’ Brent Crude Oil has reduced to $44.05 per barrel.

And the price of December Futures’ Light Sweet Crude Oil (WTI) has gone down to $41.54 per barrel.