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Oil price surges after Opec action but shale could spoil the party

Oil-linked stocks rally on SGX; analysts caution that outlook is still challenging, as oil majors are not spending

Goldman Sachs estimates show that, assuming an Opec cut, daily demand and supply will be just brought into balance for the coming quarters.


OIL-AND-GAS stocks on the Singapore Exchange (SGX) rallied on Thursday, after oil cartel Opec beat expectations by agreeing to cut output by 1.2 million barrels a day for the first six months of 2017. Non-Opec countries are expected to join in with another 0.6 million-barrel cut...

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