Renewed interest in O&G stocks on rising crude oil prices


The strengthening crude oil prices bode well for O&G companies in Malaysia, and this will be reflected in their share prices, analysts say.

INVESTOR interest in oil and gas (O&G) stocks has gained further momentum over the week, thanks to the recent spike in crude oil prices.

This trend will likely be sustained through the end of this year, as the bullish sentiment continues to build on the possibility of crude oil prices hitting US$100 per barrel in the coming months.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Ringgit opens easier vs US$ amid Middle East conflict
Foreign investors remain in selling mode on Bursa Malaysia
Middle East conflict: Bank Negara stands ready to ensure orderly market condition
Bursa Malaysia tumbles at open as inflation, Middle East tensions weigh
Trading ideas: Nextgreen Global, IOI, Bahvest, Yinson, SP Setia and Gamuda Land
Race for AI isn’t zero-sum, says Amazon cloud boss
Lack of catalysts forecast for palm oil sector
ECB set to cut interest rates in June, says member
India preparing for uptrend in electricity consumption
Software giant Salesforce in advanced talks to buy Informatica

Others Also Read