The oil market is on the cusp of a new cycle, Goldman Sachs said on Friday, with demand in the United States growing at a faster pace than in emerging economies such as China and India for the first time in a decade. That’s likely to have profound implications for how oil markets operate, Jeffrey Currie, Goldman’s influential chief commodity analyst wrote in a note, which says there will be a “new oil order”. Currie was one of the first oil analysts to predict that crude prices would surge last decade, driven by growing Chinese demand and tightening supplies. Now as U.S. shale production drives down prices for American consumers, the market may shift, he says. […]