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LONDON (Reuters) - Oil prices rose for a fifth straight day on Monday with Brent at its highest since October 2018 and heading for US$80 amid supply concerns as demand picks up in parts of the world with the easing of pandemic restrictions.
KUALA LUMPUR: The tabling of the 12th Malaysia Plan (12MP) has failed to excite investors with the FBM KLCI gaining a mere 0.06%.
World shares rose on Monday, led by sharp gains in energy shares as crude oil prices soared to three-year highs of almost US$80 a barrel while European stocks firmed after Germany's election results ruled out chances of a purely left-wing coalition.
KUALA LUMPUR: The FBM KLCI slipped into the red with the telco sector draggin on the market although a jump in Petronas Chemicals offset some losses.
KUALA LUMPUR: The ringgit opened higher against the US dollar today on improving sentiments towards the currency, coupled with rising oil prices, a dealer said.
KHARTOUM (Reuters) - Sudan's government reached an agreement with tribal protesters on Sunday to allow the resumption of exports of landlocked South Sudan's crude oil via a terminal on the Red Sea, Sudanese officials said.
Rising prices due to labour shortage a concern
CARACAS/HOUSTON/WASHINGTON (Reuters) - Venezuela has agreed to a key contract to swap its heavy oil for Iranian condensate that it can use to improve the quality of its tar-like crude, with the first cargoes due this week, five people close to the deal said.
HEXTAR Global Bhd has ramped up its merger and acquisition (M&A) activities to diversify into the specialty chemicals sector. The group is among the largest agrochemical producers in Malaysia.