Price plunge seen sparking tensions in 2015
Some want lower prices to counter rise of US shale oil; others want higher prices to salvage teetering economies
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THE oil market faces an uncertain outlook in 2015 as tumbling prices resulting from global oversupply stoke geopolitical tensions in key producers of crude, analysts said.
Oil prices have lost around half their value since June, punished by abundant supplies, a stronger US dollar and weak demand in the faltering world economy.
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