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As oil hits US$70, warning lights flash in Asia

Some traders say the world's biggest crude consuming region is showing signs of an impending downward correction

Prices for Brent crude oil futures, the international benchmark for oil prices, have risen by more than 50 per cent since mid-2017 and hit US$70 per barrel this week for the first since December 2014.


OIL prices have risen above US$70 per barrel for the first time since 2014 as investors bet supply cuts led by the Organization of the Petroleum Exporting Countries (Opec) will dominate the market this year.

But some traders are sounding a warning - the world's biggest...

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