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.

Play, subscribe and stand a chance to win prizes worth over RM39,000! T&C applies.

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
oil and gas , Sapura Energy , Hibiscus , Velesto

Next In Business News

IOIPG shares rise on S$2.48bil Singapore acquisition plan
Ringgit opens higher against US$ ahead of US-Iran ceasefire expiry
FBM KLCI stays above 1,700 as risk sentiment improves
Trading ideas: IOIPG, Genting, MRCB, LCTitan, ES Sunlogy, NTPM, Mudajaya, Varia, Destini, A1, Dnex, Tanco
Wall Street closes slightly down on renewed tensions between US, Iran
AMMB�poised for strong dividend growth
IEA: Increase in renewable energy curbs 2025 emissions
Exsim Hospitality job wins beat expectations
Latest DC job win shores up Gamuda’s outlook
Strong exposure to high-growth sectors a boon for MN Holdings

Others Also Read