A lauded possibility of a narrowing gap between supply and demand in the market for crude oil has yet to materialize on the global stage, analysts said. For nearly two years, crude oil markets have been pressured by global economic growth that was too slow to take up the heavy supply of energy products. In May, the International Energy Agency said market conditions seemed to suggest that balance was finally starting to return to the market. A high level of supply and low demand has kept crude oil prices suppressed, with market benchmarks actually lower now than when they were in May. Oil prices briefly broke through the $50 threshold last month amid speculation that members of the Organization […]