Senior Guld OPEC delegate
He adds:
- commercial oil inventories in international markets are higher than average. Expect to go down next year.
- Oil prices are under pressure from high inventories.
- Oil stocks expected to go down in early 2016: price is likely to start rising
- Global demand for oil remains healthy
- China's economic growth not affecting crude demand
WTI is trading at $45.75 down -1.25% on the day.
The high price for the day extended to $46.65. The low reached $45.55 so far.
