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Oil eases as dollar rises, US inventories expected to swell

Oil eases as dollar rises, US inventories expected to swell

February 21, 2018

LONDON, Feb 21 — Oil prices eased today, under pressure from a recovery in the value of the dollar from last week’s three-year lows and from an expected rise in US crude production. Brent crude futures were last down 13 cents at US$65.12 (RM254) a barrel by 1505 GMT, while West Texas Intermediate (WTI) crude futures fell 28 cents to US$61.51 a barrel. The premium of Brent over WTI widened to almost US$3.60 a barrel, having neared its narrowest in six months on Tuesday as concern... Read more

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Bloomberg Video: Singapore raises GST to 9pc
S. Iswaran, Singapore Minister for Trade & Industry discusses Singapore raising its goods and services tax to 9 per cent. He speaks on ‘Bloomberg Markets.’ — Bloomberg Read More