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An oil well pump jack is seen at an oil field supply yard near Denver

Video: Oil Dips to 7-Year Low On Glut Gloom

As crude oil prices dip to seven-year lows, it appears global oil markets will remain oversupplied at least until the end of 2016 as demand growth slows and OPEC output booms. Grace Pascoe reports the warning from the International Energy Agency comes after a bad week for markets.
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