Uptrend seen for oil refiners


Rising fortune: Customers refuelling at a Petron petrol station in Kota Kinabalu. Shares of Petron have surged almost 200 so far this year. — Bloomberg

PETALING JAYA: Oil refiners are getting all the love from investors even as drivers braced for another dose of painful fuel price hike at local pump stations with the crude oil prices in the international market hovering near a two-year high.

In the market yesterday, shares in Hengyuan Refining Company Bhd climbed 11 sen, or 1.3% to close at RM8.47 with 2.137 million shares transacted.

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Business , Hengyuan , Petron , crude oil , refiners ,

   

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