KUALA LUMPUR: Oil and gas stocks are among the top gainers in early trade today, buoyed by a surge in global crude oil prices amid ongoing tensions in West Asia.
At 10.21 am, Dialog Group
shares rose five sen to RM2.12 with 1.14 million shares traded, MISC gained four sen to RM8.34 with 79,700 shares traded and Hibiscus Petroleum added three sen to RM2.42 with 880,800 shares changing hands.
On Saturday, reports said Brent oil prices jumped to their highest levels since the end of April on fears of escalating conflict in West Asia.
It said Brent crude futures for December delivery settled at US$116.72 a barrel, up 3.14 per cent, while West Texas Intermediate crude for December delivery settled at US$103.27 a barrel, up 3.82 per cent.
At the time of writing, Brent crude oil prices slipped 1.55 per cent to US$114.91 per barrel. - Bernama
