Not according to Citi, who predict $20 oil in the short-term, especially after Chinese imports fell almost 20%. Imorts from Australia alone fell 35.8%.
http://www.marketwatch.com/story/oi...rrel-from-current-levels-says-citi-2015-02-09
http://www.reuters.com/article/2015/02/08/us-china-economy-trade-idUSKBN0LC01D20150208
$50 to be the new norm, page-31
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