Oil & gas shares head south on lower crude oil prices


  • Business
  • Wednesday, 10 Sep 2008

PETALING JAYA: Oil and gas (O&G) stocks largely fell yesterday, following the path of crude oil prices which declined towards levels of early this year. Oil prices traded US$1.29 a barrel lower at around US$105.05 at the New York Mercan-tile Exchange (Nymex) yesterday.

Although this is still a very high price from what the world was used to, there are concerns that unwinding of speculative trades could bring prices even lower.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read