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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

Opec's output since Iranian sanctions were announced in May has been decisively higher, with increased supplies from Russia too.


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...

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