Will US rate cuts boost commodities demand? Anurag Singh answers

​​On the oil, we will have to just wait for US elections to be behind us to actually know what is the normal level of oil. Before that, everything else is kind of focused towards keeping the oil prices low. And I do not think that is the normal balance of crude oil. My sense is the prices should be around in the range of 70 to 80 and should never be below 70, but we will find out once the elections are over in November.