Brent crude futures, the international benchmark for oil prices, were at $73.05 per barrel at 0036 GMT, down 39 cents, or 0.5 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures <CLc1> were at $64.24 a barrel, down 82 cents, or 1.3 percent, from their last settlement.
Correlations between oil prices and ringgit broken due to Bank Negara’s measure to support the currency
FACTORS besides uncertainties surrounding the general election are weighing on the ringgit, which should have strengthened with rising oil prices.
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