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Goldman Sachs Group Inc. said that shortages will reappear in the crude oil market as supply fails to keep pace with a recovery in demand.

 

Global oil consumption will return to levels seen before the financial crisis by the third quarter of this year, Goldman analyst Jeffrey Currie said a presentation in London today. At the same time, projects to bring new oil to consumers are still lagging as a result of the credit crunch, he said.

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