This morning, New York crude oil futures for WTI fell by -0.96% to $ 42.34 and Brent oil futures were down -0.80% to $ 44.53 per barrel. Thus, the black gold is traded lower on the background of data from the Energy Information Administration (EIA). EIA lowered its forecast for the average oil price in 2016 to 41.6 dollars per barrel, as well as increased forecast for production of hydrocarbons in 2017 to 8.31 million barrels per day. Also, according to experts, a continuing excess of oil and oil products putting preasure on prices, while the alleged meeting of manufacturers is unlikely to announce a significantly supply reduction.