TA Research's Ong says that any price above US$70 per barrel would be good for the oil and gas sector.
RECENT weaknesses in oil prices have not gone unnoticed by the market as concerns are now focused on oversupply amid the higher interest rate environment across the globe.
It was just the middle of last year when inflation was a global concern and interest rate increases were on the top of the minds of most central bankers as they sought to rein in the rising price pressure.
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