Bank of Singapore: Oil price rebound points to a positive demand outlook

4 April 2019 | 1 minute read

The recent rebound in oil prices has indicated a brighter outlook for black gold, according to Bank of Singapore. “Industrial raw material prices have been roughly stable for the past six months, with a moderate 3% rise since January. In contrast, in the 2008 recession, they fell 29% from peak to trough,” the bank said, adding that some soft commodity…

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