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Oil-related stocks lead STI's rebound

Index regains 12.14 points. after a 110-point dive in previous two sessions, as traders bet on Wall Street rally


AFTER having plunged 110 points on Monday and Tuesday, the Straits Times Index managed a 12.14-point bounce to 3,227.23 on Wednesday thanks mainly to a sudden rebound in oil-related stocks such as Keppel Corp and Sembcorp Marine.

This was attributed to short-covering ahead of a likely