CGS-CIMB Research said Opec would “take additional measures” to “support market stability” if needed following the conflict in the Middle East.
PETALING JAYA: The Gaza-based Hamas and Israel conflict that began on Oct 7 should have a limited effect on the disruption of global oil supplies for now, according to CGS-CIMB Research.
The research house said Brent crude futures peaked at just US$88 per barrel on Oct 9, which is lower than the average price of US$92 per barrel for last month.
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