Worst year for oil ending but demand set to remain weak

Prices have hit rock bottom over the past 12 months. PHOTO: REUTERS
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SINGAPORE - If oil market players thought things could not get any worse after this hellish year, then they might be in for a nasty surprise next year.

Prices have hit rock bottom over the past 12 months, but hopes of a recovery are being clouded by forecasts showing demand is unlikely to even match levels seen last year.

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