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Geopolitical risk stokes oil prices

ASIA-PACIFIC oil prices maintained their strong lead over New Yorks West Texas Intermediate price this week, where at one point a barrel of oil was trading more than $US10 higher.

Francine Pennington

At close of business yesterday, Singapore’s Tapis crude oil price was pushing $75 a barrel, while WTI crude was slightly over $65/bbl. Though geopolitical risk continues to buoy the market, there are...

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