Major banks predict bullish outlook for oil


Reach Energy was down over the same six-month period, but at 48 sen as of yesterday, the stock is substantially higher from its recent Aug 30 low of 29 sen

PETALING JAYA: The rally in the oil market is fuelling speculation that the price of Brent crude futures, the international benchmark, could reach US$70 a barrel by the end of the year.

It had risen 23% over the past six months.

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