KUALA LUMPUR: Oil and gas related stocks came under selling pressure at the midday break on Friday as the plunge in oil prices weighed on investor sentiment as the sector was downgraded by some analysts.
While the plunge in US crude oil by US$4.78 to US$68.91 and with Brent down nine cents to US$72.49 -- close to a four-year low touched in the previous session -- at midday would force O&G to lower their operating expenditure and projects.
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