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MARKETS

Mixed signals see no sustained change in prices

OIL prices bounced back past US$60 per barrel briefly on Thursday amid mixed messages from markets trying to deal with strong northern summer petrol consumption and refining output but also anticipating strong winter distillates demand.

Mixed signals see no sustained change in prices

US light sweet crude for September delivery rose 83 cents on the New York Mercantile Exchange, hit a high of US$60.15 then settled to US$59.94 per barrel on Thursday. London Brent crude rose 75 cents to...

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