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Why the oil price will stay low and what that means for markets

Despite a quite dramatic fall in the number of US oil rigs since last autumn, production continues to rise. It sounds like a contradiction but Ole Hansen, Saxo Bank's Head of Commodity Strategy, explains why the state of the US market largely keeps the cost of crude low, at least until the second half of the year - and what this means to traders.


   

03:21 minutes
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