Recent rise in crude prices strengthening the ringgit
PETALING JAYA: The continued spike in crude oil prices has strengthened the ringgit further against the US dollar.
Yesterday, the international benchmark Brent crude oil soared to US$63.52 per barrel a day, the highest in 13 months, as fears of heightened tensions in the Middle East, as well as hopes that a US stimulus and an easing of lockdowns will boost fuel demand this year.
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