The bank said the prospect of inventory draws Cause.movement.down.loss would help prices to rebound Movement.up.gain to $ 40 per barrel by the end of this year .

Yet the odds for another rebound Movement.up.gain are growing longer .

For now , however , the U.S.-led rebound Movement.up.gain in output and vulnerable Slow.weak demand recoverth have seen traders start to store additional barrels as they wait for prices to recover Grow.strong .

The move has created disruption Movement.down.loss for some refiners , but has not led to a dramatic rebound Movement.up.gain in the oil contract in 2019 .

Denis Borisov , director at EY 's oil and gas center in Moscow , said he expected an rebound Movement.up.gain in Russian oil exports by 2013 , with diesel supplies increasing Movement.up.gain by 4 million bpd , and gasoline exports seen increasing Movement.up.gain by around 8 million tonnes .

U.S. crude stockpiles added Movement.up.gain by 6 million barrels in the week to Feb. 7 to 438.9 million barrels , beating analysts ' expectations for an rebound Movement.up.gain of nearly 1.8 billion gallons , data from industry group the American Petroleum Institute showed .

The move has created disruption Movement.down.loss for some refiners , but has not led to a dramatic rebound Movement.up.gain in the oil contract in the first quarter .

Analysts had on average been looking for a half a million rebound Movement.up.gain , according to Thomson Reuters data .