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KUALA LUMPUR: Global equities continued their advance on hopes that the coronavirus outbreak was being brought under control even as buying interest returned to the oil and gas sector.
MELBOURNE/SINGAPORE: Oil prices rose on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as the industry grapples with a coronavirus-driven collapse in global oil demand.
KUALA LUMPUR: Refiners Petron Malaysia Refining & Marketing Bhd and Hengyuan Refining Co Bhd rebounded this morning.
KUALA LUMPUR: Bursa Malaysia perked up early Thursday as investor sentiment was given a boost by the jump on Wall Street and recovery in crude oil prices.
NEW YORK: U.S. stock markets jumped on Wednesday on hopeful signs about the coronavirus outbreak in the United States was close to a peak, with health insurers getting an additional lift from Bernie Sanders' decision to suspend his presidential campaign
MELBOURNE: U.S. crude futures rose as much as 6% in early trade on Thursday on expectations the world's largest oil producers would agree to cut production at a meeting later in the day as global oil demand has collapsed amid the coronavirus pandemic.
KUALA LUMPUR: Malaysian equities snapped two days of gains on Wednesday as investors turned cautious following the rally, pending further developments in the spread of the coronavirus pandemic.
NEW YORK: Oil slumped on Tuesday in the face of swelling crude supplies and weak fuel demand due to the coronavirus pandemic, while investors also grew cautious over expectations that the world's biggest producers would quickly agree on output cuts.
KUALA LUMPUR: Bursa Malaysia tracked a surge on Wall Street overnight as investors renewed buying in equities on hopes that the worst was over for the Covid-19 pandemic, and even as the demand outlook for crude oil brightened.
NEW YORK: Oil prices slumped on Monday, pulling back from last week's gains after Saudi Arabia and Russia delayed a meeting of oil producers aimed at resolving growing worldwide oversupply as the coronavirus pandemic pummels demand.