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Rebalancing of the Oil Market

For almost two years, global oil prices have slumped beneath the dual forces of increasing supply – in no small part due to low-cost producers in the United States – and weakening demand for commodities across the board. Jeff Currie, global head of Commodities Research, explains why he believes the oil market is moving back into supply-demand equilibrium and which markets hold the key for oil's long-term outlook.