Downtrend: A Malaysian Petronas oil refinery in Trengganu, (Filepic). Crude oil has started to slide again in July, with the WTI dropping 24 cents further to us$47.15 a barrel yesterday.
KUALA LUMPUR: Concerns on crude oil oversupply, which led the West Texas Intermediate (WTI) crude to breach below the key US$50 a barrel mark, has prompted selling momentum in currencies of emerging economies linked to crude exports, including the ringgit.
“WTI continues to get crushed and so does emerging currencies like the ringgit.
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