Receive Breaking News updates as they occur
By Florence Tan and Henning Gloystein SINGAPORE (Reuters) - Brent crude oil prices held above $48 on Tuesday following comments from OPEC that prices may have found a floor. OPEC Secretary-General Abdullah al-Badri said oil prices may have bottomed out and he warned of a risk of a future jump to $200 a barrel if investment in new supplies was too low. "OPEC's Secretary General commented yesterday that prices may have bottomed, but there was no imminent prospect of OPEC producers sitting down to discuss cutbacks until mid-year," ANZ said. West Texas Intermediate (WTI) crude for March delivery was up 11 cents at $45.26 a barrel after slipping to a session low of $44.35 on Monday, close to a near 6-year low.
South Korean Olympic swimming star and national icon Park Tae-Hwan fought to clear his name on Tuesday as he reeled from the shock news that he failed a doping test. The four-time Olympic medallist blamed an injection given by a hospital for the result, the second high-profile Asian swimming case in recent months after China's Sun Yang. In a statement, Park's management agency Team GMP said the 25-year-old -- dubbed "Marine Boy" and with an Asian Games pool bearing his name -- was stunned by the news. The agency said he was injected at a South Korean hospital while receiving chiropractic treatment before last year's Asiad in Incheon.