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Crude futures plunge presages more oil woes in Singapore
Market was already under strain from low prices and plummeting demand for oil
Published Tue, Apr 21, 2020 · 09:50 PM
Singapore
THE shock plunge of US crude futures into negative territory is unlikely to worsen the outlook for Singapore's oil exports and petrochemical sectors, economic watchers have said.
Yet the unprecedented overnight drop is another red flag in a market already under strain from low prices and plummeting demand for oil.
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