In addition, Goldman days also said that if OPEC production agreement can not be implemented, or oil prices fell to 40 U.S. dollars / barrel, Goldman also believes that if OPEC cannot reach an agreement, the fundamentals of the oil market will become weak, prices are expected to fall to $40 / barrel.

Crude oil data, the U.S. Energy Information Administration (EIA) released data show that as of October 21st week, the U.S. crude oil inventories fell 553 thousand barrels, fell for two consecutive weeks, to 468 million 160 thousand barrels, the market forecast to increase by 1 million 699 thousand barrels. At the same time, the refined oil inventories fell 3 million 354 thousand barrels, fell for five consecutive weeks, the market was estimated by 1 million 413 thousand barrels.

The Reuters survey, October OPEC crude oil production in September increased 130 thousand barrels per day to 33 million 820 thousand barrels a day, a record high, is mainly driven by Nigeria, Libya and Iraq yield. While Saudi Arabia October production from 10 million 550 thousand barrels a day fell slightly to 10 million 530 thousand barrels / day.