Brent crude futures dropped 65 cents, or 1%, to settle at $63.18 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell 89 cents, or 1.6%, to settle at $55.88 a barrel.
PETALING JAYA: Oil and gas stocks have been powering the rally on Bursa Malaysia, following a rise in crude oil prices for two straight months as the Organisation of Petroleum Exporting Countries (Opec) and its partners reduce output in their bid to balance global oil markets.
This has further been helped by the US-China trade war cooling off.
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