Brent crude falls below US$54


The drop in price reverses earlier gains as worries over glut drag

SINGAPORE: Brent crude fell below US$54 a barrel in choppy trade, reversing gains earlier in the day as concerns over a growing supply glut weighed on the market.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Brent

Next In Business News

Foreign funds extend 3-week net buying on Bursa Malaysia, RM470.3mil in inflows
TNB actively operationaling its target of 70% renewable energy capacity by 2050
Dollar and oil rise as US-Iran peace talks collapse
Oil jumps 7% to above US$100 ahead of US blockade on Iran
Ringgit opens mostly higher against major currencies, slightly lower vs greenback
Bursa Malaysia falls as Middle East peace talks fizzle
Trading ideas: IOIPG, Bentley, Ecobuilt, Favelle, Infomina, KJTS, Nestcon, Petra, Privasia, Silver Ridge, Star, Sunsuria, UUE, West River, Systech, TIME, Inspace, 5E
MCE Holdings’ FPE buy a win for cost control
The Week Ahead
AMS set to gain from chip sector recovery

Others Also Read