International Brent crude oil futures were trading at US$49.08 per barrel at 0045 GMT on Thursday, up 28 cents from their last settlement. U.S. West Texas Intermediate (WTI) crude was up 27 cents at $47.70 a barrel. (A pump attendant works at a Petronas petrol station outside Kuala Lumpur, Malaysia. REUTERS)
PETALING JAYA: Inflation is expected to ease further to 3.2% in July, which also happens to be the fourth successive monthly decline, said RAM Ratings.
This is premised on the continued moderation in fuel inflationary pressures, amid lower retail fuel prices during the month in tandem with the dissipation of the low-base effect.
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