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Greasing the wheel

Gains from the oil glut could be squandered in the world's monetary mess
Wednesday, January 28, 2015 - 05:50

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The oil price is down almost 60 per cent since June, and about half of the decline looks like a case of oversupply.

Singapore

A SHARP oil price decline is generally a sign of oversupply, and an oil glut is normally an economic lubricant. The oil price is down almost 60 per cent since June, and about half of the decline looks like a case of oversupply. But cheap crude might not provide much oomph,

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