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Prices won't rise much more, says world's top oil trader

Vitol's forecast coincides with a similar view from Goldman Sachs

STAYING STABLE: Since rallying from a 12-year low of US$27.10 a barrel in January, Brent crude has been hovering around US$50 a barrel for the last month.


OIL prices won't rise much further over the next year and a half as demand growth slows and refiners comfortably meet petrol consumption, according to the world's largest independent oil-trading house.

"I cannot see the market really roaring ahead," said Vitol Group of Cos