Oil rises, but Singapore industry watchers doubt prices will stay up
Brent crude's increase to US$86 a barrel on Wednesday sees US oil traders eyeing US$100 mark by next year
Add BT as a preferred source
Tay Peck Gek
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
WHILE US oil traders are bullish that crude oil could surge to US$100 a barrel by next year, analysts and economists here are more measured about the commodity's price.
Brent crude, the international benchmark, rose above US$86 a barrel on Wednesday, and US West Texas Intermediate (WTI) crude hit US$76 a barrel - both four-year highs, fuelling bullishness among oil traders in the US who are forecasting that the commodity could reach US$100 a barrel.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Autobahn Rent A Car directors declared bankrupt over S$50 million each owed to DBS
Amazon’s MGM Studios gains creative control over ‘James Bond’ franchise
UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates
In taxing wealth, how far can Singapore push property owners?
