Glass half full for oil bulls

OPTIMISM in the oil patch has infected the World Bank, which has raised its 2016 oil price forecast despite this month's pullback that is eliciting fears that the market is in for a replay of last year, with the bearish Morgan Stanley saying crude could hit $US30/barrel again amid mixed data out of China.

29 July 2016
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US crude settled to a three-month low of $41.92 yesterday, as Brent slipped to $43.

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