Brent charges towards US$90 per barrel as Middle East unrest stokes supply disruption


KUALA LUMPUR: The Brent crude price continued with its uptrend to close near US$89 (US$1=RM4.19) per barrel amid possible supply disruption following the latest unrest in the Middle East.

Rakuten Trade vice-president of equity research, Thong Pak Leng said it was highly possible for Brent crude to breach the US$90 per barrel level in the near term due to political tensions, especially caused by the recent attack in the United Arab Emirates (UAE) and the Russia-West standoff over Ukraine.

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