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Crude at 2-week high on low US output gains, Yemen crisis

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Published Thu, Mar 26, 2015 · 09:50 PM

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    Two-week high

    Singapore

    BULLS trumped bears on Thursday, propelling crude futures to a two-week high as the market reacted to shrinking US crude production gains, mounting geopolitical tensions in Yemen and a weakening dollar.

    Despite crude's recent uplift, analysts remain bearish on crude prices and oil-related counters in the near-term.

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