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The top may not be too far away for oil prices

World crude benchmarks may struggle to push past US$50 a barrel this year as any further price recovery only delays the production cuts needed to balance the market, say analysts.


THE top of the oil market may be closer than you think.

With Brent futures having bounced back as high as US$41 a barrel, the International Energy Agency sees "light at the end of the tunnel", and Goldman Sachs Group Inc is spotting "green shoots". Even so, many analysts...

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