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SINGAPORE: Oil prices held gains on Tuesday as news of a third promising vaccine candidate spurred hopes of a quick recovery in oil demand, while U.S. President-elect Joe Biden received the go-ahead to begin his presidential transition.
KUALA LUMPUR: The ringgit retreated from yesterday’s gains to open lower against the US dollar today on a cautious mode, despite the weaker performance of the greenback.
KUALA LUMPUR: Oil and gas (O&G) related counters dominated the list of most active stocks on the local bourse in early trade Tuesday as oil prices hit a two-month high.
NEW YORK: Oil prices settled up more than 2% on Monday, extending last week's gains as the latest report of encouraging coronavirus vaccine trials had traders anticipating a recovery in demand.
KUALA LUMPUR: The ringgit extended last week’s upward momentum to close higher against the US dollar today as risk appetite was fuelled by stable crude oil prices, dealers said.
PETALING JAYA: Hibiscus Petroleum Bhd has raised RM203.6mil from its private placement exercise that will be used to acquire producing oil and gas (O&G) assets in South-East Asia.
SINGAPORE, Nov 23 (Reuters): Oil prices extended gains on Monday as traders eyed a recovery in crude demand thanks to successful coronavirus vaccine trials, although prices were contained by renewed lockdowns in several countries.
SHANGHAI, Nov 23 (Reuters): Asian shares rose on Monday, pushing a broad regional index to a record high as investors pinned their hopes for economic revival on coronavirus vaccines, even as the world contends with surging case numbers and delays to fresh US stimulus.