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NEW YORK: Oil prices climbed nearly 2% to their highest in more than eight months on Wednesday, as data showing a surprise drop in weekly U.S. crude inventories extended a rally driven by hopes that a COVID-19 vaccine will boost fuel demand.
SINGAPORE: Oil kept rising after closing at a eight-month high on increasing optimism that recent Covid-19 vaccine breakthroughs will lead to a swift recovery in global energy demand next year.
KUALA LUMPUR (Bernama): The RM400mil injection for the Cooking Oil Price Stabilisation Scheme (COSS) through Budget 2021 is expected to have a major impact on the B40 target group, says Datuk Seri Alexander Nanta Linggi.
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today amid the firmer crude oil prices and weaker performance of the greenback, dealers said.
NEW YORK: Oil rose about 4% on Tuesday to touch highs not seen since March as a third promising coronavirus vaccine raised hope for fuel- demand recovery and U.S. President-elect Joe Biden began his transition to the White House.
PETALING JAYA: A deficit situation in the global vegetable oils will lend support to crude palm oil (CPO) prices going into 2021, says Rabobank.
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.
ACCRA, Nov. 23 (Xinhua) -- The Ghanaian central bank announced on Monday the decision to hold its policy rate at 14.5 percent as headline inflation fell to 10.1 percent in October.