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The road ahead for oil prices

Opec is likely to agree to production curbs and prices are expected to rise a bit; demand will rebound somewhat, which will help absorb a good part of output.

Supply changes may not push oil prices beyond around US$60. This reflects the difficulties of securing real consensus within Opec, and the prospects for continued growth in oil output in spite of a large inventory.

INDONESIA, along with other countries, is poised to benefit from the direction in which oil prices are moving. They should help stabilise the international economy as well. After falling relentlessly through 2015, oil prices initially rebounded in early 2016. Then they fell again, only to edge...

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