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Oil companies set to report worst quarter results

But a 60% rally in oil prices from January low has given strong tailwind to energy shares

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The world's top oil companies are set to report their worst quarterly results yet in the current downturn but a recent recovery in crude prices is raising hopes the market has bottomed out.

London

THE world's top oil companies are set to report their worst quarterly results yet in the current downturn but a recent recovery in crude prices is raising hopes the market has bottomed out.

An ever intensifying oil supply glut took global prices to a near 13-year low of US$