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Rory Johnston discusses the current oil market situation and predicts that prices will eventually revert to their normality. He cites a number of factors, including geopolitical events and a global oversupply, as reasons for the current market conditions.
Rory Johnston, an economist and bank commodity specialist, shares his concerns about the current state of the oil market and how it might affect the overall economy. He warns that until the U.S. unemployment rate decreases to 3% or lower, oil prices will remain low. Johnston also warns that any change in oil demand growth is unlikely in the near future, and suggests that investors stay cautious in this environment.
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