Vitol: Oil Market Balance in Second Half

Vitol Chief Executive Ian Taylor said on Tuesday he expected a "dramatic" build in oil stocks over the next few months but that supply and demand in the oil market would move into balance in the second half of this year.

Taylor, speaking at the International Petroleum Week industry conference, said he expected U.S. crude oil supplies to grow over the next few years but at slower levels.

Reporting by David Sheppard and Ron Bousso