KUALA LUMPUR: A sustained disruption to the price of crude oil could throw the entire market into disarray and spark a new downcycle for oil, especially amid a demand slowdown, says Kenanga research.
"We have always maintained our view that an extended oil production cut from OPEC+ is necessary to just maintaining the oil price levels (let alone driving prices higher), and such, recent developments have caused us to fear that the worst-case scenario could be gradually unfolding," it said.
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