O&G stocks on Bursa post recovery gains

At press time, Brent crude oil remained above US$40 per barrel with wire reports stating that the easing of coronavirus lockdown measures around the world had raised hopes for a swift recovery in demand.

PETALING JAYA: Oil & gas (O&G)-based stocks on Bursa Malaysia made some recovery gains following the positive sentiment in the international market.

This happened as Brent crude oil continued to trade above the psychologically important US$40 level on the international markets although some profit taking was evident in the latter part of the day yesterday.