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Oil prices to stay hot as upside factors pile on

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Oil prices could stay elevated, and some commodity experts do not rule out the possibility that crude benchmarks Brent and West Texas Intermediate (WTI) could hit US$80 and US$70 a barrel respectively this year - with the shocking move by the US to end Iranian crude sanction waivers worsening an already-tenuous oil supply crunch.

Singapore

OIL prices could stay elevated, and some commodity experts do not rule out the possibility that crude benchmarks Brent and West Texas Intermediate (WTI) could hit US$80 and US$70 a barrel respectively this year - with the shocking move by the US to end Iranian crude sanction...

sentifi.com

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