Impact of rising oil prices


Oil price impact

PETALING JAYA: Crude oil prices are on the rise ahead of 2020, continuing a rally that started in October this year.The Brent grade crude oil price breached the US$67 mark on Dec 24 and touched US$67.43 as at press time yesterday - the highest in three months.

Meanwhile, the West Texas Intermediate (WTI) grade - the benchmark used in the United States - also settled at a three-month high of US$61.25.

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