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Ample crude supples until mid-2016: IEA chief

SINGAPORE: The head of the International Energy Agency said Monday that ample supplies of oil in the world market would extend into the middle of next year, while investment is expected to decline further because of persistently low prices.

Oil extends 'disconcerting' fall

SINGAPORE: Oil extended its "disconcerting" plunge towards six-year lows in Asia Tuesday after Wall Street giant Goldman Sachs lowered its price forecast, adding to concerns about a supply glut and weak demand.