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Regional oil prices hold firm

ASIA-PACIFIC oil prices held steady for most of the week, despite a drop in US petrol and heating fuel stockpiles and growing speculation that the Organisation of Petroleum Exporting Countries would introduce another production cut next month.

Francine Pennington

The region’s Tapis benchmark was trading oil at $US61.90 a barrel at the close of business yesterday – 30c higher than at the beginning of the week. While Tapis ended the week higher, it was a different...

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