PETALING JAYA: Crude oil prices, which rose steadily from July 11 only to come off a seven-week high yesterday, will continue to see downside risks for the remainder of the year as a global economic slowdown impacts demand.
However, analysts said a combination of oil supply constraints due to sanctions against Iran as well as other geopolitical concerns and further accommodation by the US Federal Reserve could see short-term spikes in oil prices.
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