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The Slippery Task of Balancing Supply and Demand in the Oil Market

Jan 12, 2018 | 19:47 GMT
A gasoline pump in London. Oil prices are up 59 percent since 2017 lows in June.

Oil prices are up 59 percent since 2017 lows in June. The price of Brent crude oil topped $70 per barrel briefly on Jan. 11 for the first time in more than three years.

(ANDREW COWIE/AFP/Getty Images)

Russia, Saudi Arabia and others have been cutting production to shrink global stockpiles and increase prices -- but not by too much or too quickly....

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