Oil prices surge on transport, petrochemical demand

AFTER a gradual climb at the beginning of the week, world oil prices shot up by as much as $US3.20 a barrel on Thursday, as traders dismissed speculation of a slowing global economy.

Oil prices surge on transport, petrochemical demand Oil prices surge on transport, petrochemical demand Oil prices surge on transport, petrochemical demand Oil prices surge on transport, petrochemical demand Oil prices surge on transport, petrochemical demand

A plunge on Wall Street last week stirred concerns over the world economy’s health and future demand for energy. Asian markets also fell but have since bounced back.

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