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Oil holds above $80 with global power shortage boosting demand

October 12, 2021 2:02 PM

SINGAPORE (BLOOMBERG)- Oil held above US$80 a barrel on expectations that a power crisis from Asia to Europe will lift demand and tighten global balances. West Texas Intermediate futures edged higher in Asian trading after closing up 1.5 per cent on Monday (Oct 11).

Source : http://www.straitstimes.com/business/economy/oil-holds-above-80-with-global-power-shortage-boosting-demand

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