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MARKETS

Brent's slow-burn

NATIONAL Australia Bank believes 2018 will be a slow-burn process of improvement for oil prices, with the US shale oil taps to only increase so even the under-performing Brent marker on which Aussie oilers value their assets will rise to the mid-$60s by year's end.

Anthony Barich
Brent's slow-burn

Global oil prices have strengthened greatly since their recent nadir in mid-2017, with Brent surging from mid-$40s in June to touching $60/bbl of late - a more than 35% rally.    Overnight Brent rose...

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