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Finding a new balance

Energy market veterans see oil prices stabilising at US$60-80 after last year's dramatic plunge.

(Left to right) Mr Gao; moderator Giles Keating, head of research for private banking & wealth management and deputy global chief investment officer, Credit Suisse; Mr Bansal; and Mr Hewitt at the Credit Suisse Global Megatrends Conference 2015, a forum for leading figures in economics, business and politics to meet and share their insights and analyses of the latest developments in the global economy

AFTER plunging as much as 60 per cent in the past year, oil prices are expected to bottom out as early as the middle of the year before stabilising at between US$60 and US$80 a barrel.

This was the view of industry veterans speaking at the Credit Suisse Global Megatrends Conference 2015