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Brent crude oil rebounds after hitting 5-year low

A driver holds a fuel pump as he refuels his automobile with diesel at a gas station in Guildford on Dec. 8, 2014.


BRENT crude oil hit a fresh five-year low on Tuesday before rebounding to near US$67 a barrel, as some buyers emerged in the hope that prices are bottoming following a more than 40 per cent slide since June.

Fast-growing US shale output has hurt the ability of the