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NEW YORK: Oil prices rose over 1% on Friday, posting their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.
KUALA LUMPUR: The FBM KLCI wrapped up the morning session slightly lower as most bank stocks extended their losses for the week following Bank Negara's signal on Wednesday that there is room for a further interest rate cut.
NEW YORK: Oil prices edged higher on Thursday as investors hoped the world's biggest producers would cut output more while they largely shrugged off forecasts of slumping demand due to the coronavirus outbreak in top oilimporter China.
NEW YORK: Oil prices rose over 3% on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world's second-largest oil consumer may begin to recover.
NEW YORK: Oil prices fell to their lowest level since December 2018 on Monday on weaker Chinese demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts.
KUALA LUMPUR: The FBM KLCI fell sharply in early morning trade as the coronovirus outbreak continued to spread and expectations rose that it would trigger an economic slowdown in China.
NEW YORK: Oil prices fell 1% on Friday as Russia said it needed more time before committing to output cuts sought by other large producers while the coronavirus outbreak fanned worries about global crude demand
NEW YORK: Global equity markets and government debt yields slumped on Friday as nagging concerns about the impact of the coronavirus on global growth overshadowed a strong U.S. jobs report that indicated an economy on pace to grow moderately.
KUALA LUMPUR: The rally on the FBM KLCI stalled on Friday although the market looks set to end the week in positive territory.
NEW YORK: Oil futures gave up early gains and settled narrowly mixed on Thursday, as OPEC and its partner Russia gave mixed signals about possible further output cuts to mitigate the impact of any weakening in global demand due to the coronavirus outbreak.