As oil hits US$70, warning lights flash in Asia
Some traders say the world's biggest crude consuming region is showing signs of an impending downward correction
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Singapore
OIL prices have risen above US$70 per barrel for the first time since 2014 as investors bet supply cuts led by the Organization of the Petroleum Exporting Countries (Opec) will dominate the market this year.
But some traders are sounding a warning - the world's biggest crude consuming region, Asia, is showing signs of an impending downward correction.
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