I am starting to think that the oil market could see a significant decline over the coming six to 12 months with drops to around $65 a barrel being entirely feasible after trading around the $80 mark for much of this year so far. This will come as a pleasant surprise to most consumers who have gotten used to paying more at the pump in recent years. There are two reasons for this changed outlook.  The supply backdrop shows that global production remains more than ample despite Opec’s best efforts to curtail production volumes and the demand outlook is also…

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