us crude inventories

 
 

Oil climbs on Saudi price ambitions and US stocks draw

LONDON, April 19 — Oil prices kept rising to their highest since late 2014 as US crude inventories declined, moving closer to five-year averages, and after sources told Reuters that top exporter Saudi Arabia aims to push prices even higher….


Firmer oil price helps push Bursa Malaysia to close at all-time high

KUALA LUMPUR, April 19 — The international benchmark Brent crude oil price, which rallied to as high as US$74.44 (RM289) a barrel today, helped give Bursa Malaysia a boost to enable the FBM KLCI to close at an all-time high of 1,895.18, up 15.86…


Most SE Asia stocks up, Philippines hit year low on heavy foreign selling

SINGAPORE, April 19 — Philippine shares plummeted to their lowest in a year on Thursday on heavy foreign selling while most other South-east Asian stock markets rose on the back of strong commodity and crude oil prices. A broad sell-off saw…


Stocks undermined by worries about Middle East conflicts

TOKYO, April 12 — Asian stocks came under pressure today as the threat of imminent US military action in Syria rattled investors and sent oil prices to their highest levels since late 2014 on concerns about supply. MSCI’s broadest index of…


Oil hovers near 2014 peak as geopolitics vye with US supply

LONDON, April 11 — Oil held near its highest in nearly three years today, supported by political tension in the Middle East, although evidence of rising US crude supply acted as a counterbalance. Brent crude has gained 5.7 per cent this week,…


Oil falls on Trump’s latest China trade threats

NEW YORK, April 7 — Oil prices fell about 2 per cent yesterday after US President Donald Trump threatened new tariffs on China, reigniting fears of a trade war between the world’s two largest economies that could hurt global growth. Trump…


Oil drops after Trump threatens new China trade tariffs (VIDEO)

SINGAPORE, April 6 — Oil prices fell today after US President Donald Trump’s threat of new tariffs on China reignited fears of a trade war between the world’s two biggest economies. President Trump said yesterday he had ordered US trade…


Ringgit to move in range of 3.8558 – 3.8682 against USD today, says AmBank Research

KUALA LUMPUR (April 4): AmBank Group Research expects the  ringgit (MYR) to trade between its support level of S1: 3.8558 and S2: 3.8499 while the resistance is pegged at R1: 3.8682 and R2: 3.8731. In his AmBankFXDaily note today, AmBank group chief economist and head of research Dr Anthony Dass said the relative strength index hovers in the stable region. Dass said the MYR gained 0.1% to 3.8658 against the US Dollar. He said although the FBM KLCI fell 0.4% to 1,850.78, it registered a net foreign inflow of RM87.8Read More


Oil edges higher with Wall Street, Brent well below US$70

NEW YORK, April 4 — Oil edged up yesterday, supported by a recovery in the equities market and on a technical bounce for crude after the biggest daily percentage drop in almost a year, but Brent futures stayed well below US$70 (RM270) a barrel….


Oil holds near two-week low on concern of US-China trade clash

SEOUL, April 4 — Oil recovered slightly after yesterday’s selloff, but remained near a two-week low on concerns about an escalating trade war between China and the US Futures added 0.3 per cent in New York after losing 3 per cent yesterday….