Оil futures remain lower after U.S. supply report

04.11.2015 / 20:41

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The U.S. Energy Information Administration said in its weekly report that crude oil inventories rose by 2.847 million barrels.

Total U.S. crude oil inventories stood at 482.8 million barrels as of last week, remaining near levels not seen for this time of year in at least the last 80 years.

Crude oil for delivery in December shed 1.5$.

Goldman Sachs, amongst the biggest bears on the oil price. The investment bank downgraded its price outlook for WTI crude to $42, $40 and $45 per barrel over a 3, 6 and 12-month time horizon respectively.

Jr.Trader-G.Bozhidarov

Varchev Traders

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Оil futures remain lower after U.S. supply report

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