PETALING JAYA: The spike in the Brent crude oil price due to the attacks on Saudi Arabia’s oil production facilities could be a boon for the local stock market and lead to higher oil revenue for the government.
Analysts are expecting the ringgit to strengthen against the US dollar and for oil and gas (O&G)-related counters on Bursa Malaysia to dominate the market.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
