Price crash anniversary celebrations

NO ONE in the oil world is going to celebrate the third anniversary of the great oil price slump on June 19 but Slugcatcher reckons there could be a reason for putting the bubbly on ice, because as we approach the anniversary more signs point up than down.

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A glimpse of the improvement came late last week when market watchers at the International Energy Agency said that the oil market was within sight of achieving a balance between supply and demand.