This morning, New York crude oil futures for WTI fell by -1.12% to $ 45.13 per barrel. At the same time, Brent oil futures were down -1.41% to $ 46.70 per barrel. Thus, the black gold is down on fears of excess supply. The cost of black gold is partially restored after China reported GDP growth of 6.7% in the second quarter on an annualized basis. This result was slightly above forecasts. But in spite of this excess oil is reduced not as fast as many expected, evidenced by reports of the International Energy Agency and the Office of the US Energy Information, published this week.