Crude oil price rally worries BSP

The Bangko Sentral ng Pilipinas (BSP) has a crude oil price assumption of $50 to $65 per barrel for 2018. But, in recent weeks, the benchmark price reached $70 (Brent) and continued to rally around this level. The February 1 Brent crude was at $69.50 per barrel. With the curbed inventories, the market …

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