PETALING JAYA: Crude oil prices have gone on a freefall, down by over 37% in less than three months. However, analysts foresee the bearish trend to be temporary, with higher oil prices in the offing next year.
The positive outlook comes as good news for the federal government’s coffers as well as the Malaysian oil and gas (O&G) sector, which had witnessed a disappointing earnings performance in the third quarter of 2018.
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