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.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Tanco unit signs agreement with Ocean Bridge to operate Smart AI container port
Ringgit ends marginally lower against greenback
Resintech unit secures RM16 mil HDPE pipes contract in Cambodia
Ekovest, Lim Kang Hoo extend proposed CRSB acquisition to Jan 26
FBM KLCI breaks winning streak on profit-taking
China to rein in copper, alumina capacity expansion under next five-year plan
Record gold rally cools Indian buying; China discounts narrow
China's PBOC signals caution on rapid yuan gain as it nears key 7 mark
Asian equities eye strong weekly gains; Taiwan, S.Korea lead tech-driven surge
PETRONAS Gas announces revised RP3 gas tariffs

Others Also Read