Crude inventories probably shrank by 1 million barrels: survey Any OPEC freeze deal may prove ‘self-defeating’: Goldman Sachs Oil extended its biggest loss in three weeks before the release of U.S. crude inventory data on Wednesday, while Goldman Sachs Group Inc. cautioned that any OPEC deal to freeze output may only deepen the global oversupply. October futures fell as much as 1.7 percent in New York after declining for the first time in eight days on Monday. Crude stockpiles probably dropped by 1 million barrels last week, a Bloomberg survey showed before a government report. If OPEC and some producers from outside the group agree to cap output at informal talks next month, the resulting price boost may help other suppliers revive production, Goldman Sachs analysts wrote. Oil entered a bull market last Thursday, having climbed more than 20 percent since dipping below $40 a barrel earlier in the […]