U.S. West Texas Intermediate (WTI) crude futures settled down 47 cents at $68.49 a barrel. Brent crude futures settled at $73.21 per barrel, down 24 cents from their last close.
PETALING JAYA: The listless market coupled with low oil prices and an aggressive trade policy by the United States have put pressure on oil stocks.
Despite an overall palatable earnings report from the oil and gas sector with most companies meeting expectations, stock prices took a whacking as investors aren’t convinced about their potential moving forward.
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