Quick take: Oil and gas counters fall after oil price crashes

KUALA LUMPUR: Oil and gas counters on Bursa Malaysia tumbled in early trade Tuesday dragged down by falling crude oil prices.

Reuters reported that US crude oil jumped more than US$20 per barrel on Tuesday but still traded below US$0 after plunging into negative territory for the first time in history, dragged down by a supply glut and sagging demand for crude due to the coronavirus pandemic.