PETALING JAYA: Crude oil prices inched closer to the US$50 per barrel mark, the highest it has traded in seven months, a telling sign for investors that the worst is most likely over for the commodity – for now.
However, top government officials and executives in the oil and gas (O&G) industry are guarded in their optimism, stating that it is still too early to make any revisions to the Budget 2016 projections.
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