Topic: West Texas Intermediate
KLCI closes off day's low but banks under pressure
KUALA LUMPUR: Late buying enabled the FBM KLCI to close Monday off the day's low but the market was under pressure due to fund selling of bank stocks and profit taking of Genting and Genting Malaysia.
Oil ekes out weekly gain as US stockpiles fall
SINGAPORE: Oil is set for a weekly increase as US crude stockpiles tighten and as lingering tensions surrounding Iran stoke concerns that energy flows from the Middle East may be disrupted.
Oil price up on US economic data, Gulf crude tanker dispute
NEW YORK: Oil prices inched up on Friday, ending the week higher after stronger-than-expected U.S. economic data brightened the crude demand outlook and concerns over the safety of oil transport around the Strait of Hormuz threatened supply.
GentingM, Petronas stocks give KLCI early boost
KUALA LUMPUR: Fund buying of Genting Malaysia and Petronas-linked stocks gave the FBM KLCI an early lift on Wednesday, as investors took their cue from the firmer key Asian markets and jump in crude oil prices.
Oil edges further above US$63 on Mideast tensions
LONDON, July 23 — Oil edged further above US$63 (RM259) a barrel today, supported by rising tensions in the Middle East after Iran’s seizure of a British tanker last week, although signs of falter...
Oil prices strengthen more than 1% on Iran risk
NEW YORK: Oil prices rose more than 1% on Monday, as investors worried about possible supply disruptions in the energy-rich Middle East after Iran's seizure of a British tanker last week.
KLCI edges higher on Tenaga’s gains
KUALA LUMPUR: Blue chips eked out slim gains early Tuesday, with Tenaga Nasional’s rebound helping to lift the FBM KLCI despite the lacklustre mood in Asian markets.
Weak start for Bursa as blue chips retreat
KUALA LUMPUR: Bursa Malaysia started the new week on Monday on a cautious note as profit taking saw the FBM KCI slump nearly seven points while Kim Hin Joo made a cautious debut on the ACE Market.
FBM KLCI extends losses amid weaker oil prices
KUALA LUMPUR (July 4): The FBM KLCI closed 2.57 points or 0.15% lower today on continued profit taking in an overbought Malaysian stock market and as lower crude oil prices hit local shares.
Oil price edges higher ahead of G20, OPEC meeting
NEW YORK: Oil prices edged higher on Thursday on expectations that OPEC will extend an output cut agreement, while investors awaited a meeting between the United States and China that could produce a breakthrough on trade talks.
China buys US crude oil despite ongoing trade war
BEIJING: Oil-hungry refiners across China ramped up purchases of US crude in May amid an erosion of supplies from sanctions-hit Iran and Venezuela, even as trade tensions rage on between Beijing and Washington.
Oil prices climb amid fall in US stockpiles, Mideast worries
SYDNEY: Oil prices rose over 1% on Wednesday to hit their highest in nearly a month as widely-watched data showed U.S. crude stockpiles fell more than expected, underpinning a market already buoyed by worries over potential U.S.-Iran conflict.
KLCI closes in the red on Sime Plant, Tenaga losses
KUALA LUMPUR: Blue chips closed on a weaker note on Monday, weighed down by Sime Plantation, Tenaga and Axiata on profit taking after firm gains the previous week while trading value and volume on the stock market declined.
Oil prices rise as Middle East tensions simmer
TOKYO: Oil prices climbed on Monday as tensions remain high between Iran and the United States, with U.S. Secretary of State Mike Pompeo saying "significant" sanctions on Tehran would be announced.
Oil prices ease, but tanker attacks support
TOKYO: Oil fell on Friday after sharp gains in the previous session when prices were boosted after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude flows through one of the world's key shipping routes.
Asian stocks subdued
TOKYO: Asian stocks stuttered on Thursday, dogged by the uncertainty over an intractable U.S.-China trade dispute, while oil prices flirted with five-month lows thanks to higher U.S. crude inventories and a bleaker demand outlook.
Oil price falls 1pct amid US-China trade dispute
NEW YORK: Oil prices fell more than 1% on Monday as U.S.-China trade tensions continued to threaten demand for crude and as major producers Saudi Arabia and Russia had yet to agree on extending an output-cutting deal.
Oil prices rise on likelihood of ongoing OPEC+ supply cuts
SINGAPORE: Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia were likely to keep withholding supplies, and in relief that the United States and Mexico averted a trade war that would have damaged the global economy.
Oil prices rise for second day, climb from 5-month lows
TOKYO: Oil prices rose more than 1% on Friday, climbing further away from five-month lows hit earlier in the week after a report that Washington could postpone trade tariffs on Mexico and amid signs that OPEC and other producers may extend their supply cuts.
Oil firms above January lows but still pressured
SINGAPORE: Oil prices firmed yesterday after falling to near five-month lows in the previous session, but sentiment remained weak as markets remain under pressure from rising US supply and a stalling global economy.
US oil prices in ‘bear’ market
NEW YORK, June 6 — The US oil price dove into a “bear market” yesterday following a surprising jump in US petroleum inventories and as myriad trade conflicts dim the outlook for global growth.
Tech stocks under pressure after Nasdaq slump
KUALA LUMPUR: Tech-related stocks fell in early Tuesday trade, following the overnight slump of the Nasdaq on growing worries about the fallout from the US imposed curbs last week on China's Huawei.
Oil touches multi-week highs as Opec signals it may extend cuts
NEW YORK: Oil prices on Monday rose to multi-week highs before easing later in the session as Opec indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support.
Oil price steady, ends week lower as trade tensions weigh
HOUSTON: Oil prices were mostly steady on Friday, ending the week slightly lower as trade tensions stoked by a U.S. move to hike tariffs on Chinese goods overshadowed tightened global supplies and expectations of rising U.S. refining demand