Goldman Sachs states that the oil glut is over

Note: This section contains information in English only.
Source: Reuters
Goldman issued a statement announcing that crude oil market went from nearing storage limits to a deficit situation much earlier than they expected and low oil prices are over. Main reasons for it were supply distruptions of around 3.75 million barrels per day. WTI traded up 2.3% at $47.30 and Brent was up 2.4% at $49.00 by 13:00 GMT.
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Mon, 16 May 2016 13:38:01 GMT

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