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KUALA LUMPUR: Investor sentiment continued to pick up over the course of Friday's early session ahead of the government's plans to announce a second stimulus package to mitigate the damage to the economy.
LONDON: Brent oil futures may be trading at $27 per barrel but oil producers are selling their crude in the physical market at lower prices not seen since the aftermath of the Asian financial crisis of the late 1990s.
NEW YORK: Oil prices dropped more than US$1 a barrel on Thursday as a growing number of virus-related restrictions on travel slashed global fuel demand, overshadowing expectations that a $2 trillion U.S. stimulus package will bolster economic activity.
MELBOURNE: Oil prices were mixed on Thursday following three days of gains, with the prospect of rapidly dwindling demand due to coronavirus travel bans and lockdowns offsetting hopes a U.S. $2 trillion emergency stimulus will shore up economic activity.
NEW YORK: As oil crashes, it’s easy to overlook an even more dismal reality for producers: the real prices they’re getting for their barrels are even worse.
NEW YORK: Oil prices rose modestly on Tuesday, but settled off the day's highs as the coronavirus pandemic's heavy toll on demand offset hopes for a forthcoming US$2 trillion U.S. economic relief package.
KUALA LUMPUR: Bursa Malaysia rallied on Tuesday as global equity investors reacted positively to the announcement of unlimited quantative easing announced by the US Federal Reserve.
NEW YORK: Oil prices inched higher on Monday, while U.S. gasoline prices plunged more than 30% to a record low as global restrictions on travel to slow the spread of coronavirus destroyed demand for fuel
PETALING JAYA: Shares on Bursa Malaysia failed to hold the gains from last Friday, spooked by steep falls across the region with authorities worldwide struggling to contain the worsening coronavirus (Covid-19) pandemic.
KUALA LUMPUR: Bursa Malaysia could not sustain the rally from the previous session and tracked global equities lower amid worsening sentiment over the impact of the Covid-19 pandemic.