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NEWS ANALYSIS

Favourable short-term fundamentals on oil?

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For now, with a resilient global economy and a relatively limited traction in electric vehicle adoption, the fundamentals for oil are still intact.

Singapore

MARKETS have been swept off their feet in recent months by a wave of strong demand for crude oil.

Since end-October, prices for Brent crude have smashed through the US$60 a barrel ceiling that has been there since mid-2015. They have fallen from over-bought levels since,

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