"While U.S. crude storage capacity is being tested, Goldman expects the inventories will peak in April, before declining from May to September, with last week's data from the U.S. Energy Information Administration showing a decline in weekly production offering a potential early sign the market is stabilizing."
But that could prove temporary.
Goldman: Oil prices must 'stay low for longer'
CNBC - 1 hour ago
Declines in U.S. oil inventories and capex may boost prices modestly in the near term, but production growth ...
The Perfect Storm for Oil, page-49
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