A rebalancing of the global oil market is underway helped by supply curbs led by OPEC, although the chance of big further gains in prices looks unlikely in the next year or so as tighter supply may not last, top trading firms told Reuters. Brazil’s state-run oil company Petrobras LPG fuelling stations are seen in the Guanabara bay in Rio de Janeiro, Brazil October 7, 2017. REUTERS/Pilar Olivares The Organization of the Petroleum Exporting Countries and other countries led by Russia are curbing oil production by around 1.8 million barrels per day until March 2018 to get rid of a global surplus in crude and refined products. Oil inventories in the industrialized world are coming down although they remain above the five-year average. Brent crude, after hitting a 12-year low near $27 in January 2016 has rallied to $57, but is still half its level […]