Worst year for oil ending but demand set to remain weak

Prices have hit rock bottom over the past 12 months.
Prices have hit rock bottom over the past 12 months.PHOTO: REUTERS

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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