Crude and gas markets in 2013 were typified by a complex set of factors that were largely divergent from previous historical trends, writes Campbell Faulkner, Chief Data Analyst, OTC Global Holdings. Many of the structural changes in the market were ‘real’ and not fleeting events like the 2008 commodity super-cycle and bust into 2009, meaning that the future of prices should be strong by historical standards, but not at the heady levels seen only a few years ago.

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