Hibiscus Petroleum Bhd MD Dr Kenneth Gerard Pereira(filepic) said the benchmark Brent crude oil, currently trading at US$63 per barrel, was a strong indication of underlying demand due to growing world population.
KUALA LUMPUR: Crude oil prices are projected to range between US$58 and US$68 per barrel over the next few months in tandem with industry expectations, according to Hibiscus Petroleum Bhd
managing director Dr Kenneth Gerard Pereira.
He said the benchmark Brent crude oil, currently trading at US$63 per barrel, was a strong indication of underlying demand due to growing world population.
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