Oil price set to sustain


PETALING JAYA: With Brent crude oil surging past US$91 per barrel last Friday, industry observers believe this is the strongest sign yet that oil prices will be supported by a number of factors moving forward.

Despite the mild, expected pullback yesterday to under US$90 per barrel, economists and fund managers continue to see elevated oil prices to be sustained, potentially benefiting a number of oil and gas (O&G) companies on Bursa Malaysia.

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