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Oil prices fall following biggest advance in two months

Prices will stay low this year as US stockpiles increase to "historically elevated levels" through 2016, says Goldman

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Oil futures slid as much as 1.7 per cent in New York, trimming a 6.1 per cent surge on Monday.

London

OIL fell after the biggest rally in two months as investors weighed forecasts for rising US crude supplies against signs that Saudi Arabia is betting on an improvement in demand.

Futures slid as much as 1.7 per cent in New York, trimming a 6.1 per cent surge on Monday.