Oil prices fell after a rise in U.S. inventories above expectations

The price of oil on Wednesday again fell after publication of data the U.S. Department of energy reserves, according to Financial Times. 18:25 MSK barrel Brent was estimated on the stock exchange ICE in an $40,77, which is approximately 2.5% or $1 below the closing price.

Inventories in U.S. storage rose last week by 9.4 million barrels, while the forecasted increase of 2.5 million barrels., notes FT. WTI fell by 3% to $40,17/bbl.

The newspaper reminds that according to the forecast Bank of America Merrill Lynch should be prepared for the fact that the recovery in oil prices will follow a W-shaped trajectory, but Goldman Sachs believes that 20-month price decline is not over yet.