prices are due for a three-stage rally that can extend further into May after a "violent rebalancing."
"Supplies have started to decline quickly, with signs of demand improving even ahead of lockdown measures being eased. While the inflection into a deficit is still a few weeks away, it now appears likely that the market is passing its test on storage capacity," Goldman analysts led by Damien Courvalin wrote.last week was whether there would be enough storage capacity to handle current oil production rates.
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