PETALING JAYA: Crude oil prices are expected to strengthen further as a result of production cut by the Organisation of the Petroleum Exporting Countries and allies (Opec+). This will give a boost to oil and gas stocks in Malaysia.
Currently hovering around US$80 to US$85 (RM353 to RM375) per barrel, global benchmark Brent crude will likely rally towards US$100 (RM441) per barrel in the near term.
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