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Markets latch on to 10% bounce in oil prices

Talk of more monetary easing from Europe and Japan triggers rebound

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The upward trend in crude palm oil prices is expected to continue this year on lower production forecasts, with an average price of RM2,590 a tonne, the Malaysian state news agency Bernama reported, citing the Malaysian Palm Oil Council (MPOC).

Singapore

OIL prices rebounded with such a vengeance on Friday that analysts suggest the panic engulfing global financial markets might be at a temporary end.

The trigger was apparently European Central Bank (ECB) president Mario Draghi saying after a scheduled ECB meeting that he

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