Crude Remained Pressured as OPEC Refrained from Output Cut

Crude oil prices remained under pressure ahead of the US session, after Goldman Sachs forecast that WTI crude price would fall to as low as US$40/bbl amidst rise in inventory, although the lack of a meaningful build in the past few months" signals the likelihood of upside surprises.

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Crude Remained Pressured as OPEC Refrained from Output Cut