From the FT (http://app.ft.com/cms/s/ccad0710-32b8-11e6-ad39-3fee5ffe5b5b.html?sectionid=home):
Economic forces are at work… Low prices create incentives to increase demand and reduce supply… But prices do not follow a straight line on the road to a balanced market… Here is the long term crude oil chart, from barchart.com:
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