Rising crude price a boon for Malaysia

“For every US$1 rise in oil prices, Malaysia can bolster its revenue by an additional RM320mil,” TA Research said.

PETALING JAYA: The war between Israel and Hamas in the Middle East has significantly raised the risk premium in global oil prices, particularly for Brent.

According to TA Research, in the unlikely event of the war escalating and spreading to the broader Gulf region, Brent crude oil price could breach the US$150 per barrel level.