Brent hits highest since March, spurred by vaccine hopes

Oil holds near 3-month highs as vaccines stoke demand recovery hopes

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.

Ringgit retreats to open lower against US dollar

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.

Quick take: Oil and gas counters boosted by oil price optimism

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.

Oil prices settle up over 2% on COVID-19 vaccine news

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.

Oil prices climb as risk appetite increases

NEW YORK, Nov. 23 (Xinhua) -- Oil prices advanced on Monday as risk-on mood dominated the market.

Ringgit closes higher vs US$ at 4.0880

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.

Hibiscus raises RM203mil to bid for O&G assets

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.

Oil prices extend gains on Covid-19 vaccine hopes, OPEC+

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.

Asian shares rise as vaccine hopes inject relief and US data

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.