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Black gold's red ink puts green in blue chips

Flight to quality sees selling of small oil and gas stocks; ST Index rises 23.8 points

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SINGAPORE blue chips climbed on Monday, supported by a flight out of small oil and gas players into safer shores and by expectations of flat interest rates following weak US economic data.

The Straits Times Index gained 0.8 per cent, or 23.83 points, to close at 2,892.52.

Despite