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aws账号(www.2km.me)_Quick take: O&G counters gain as oil holds above US$80

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KUALA LUMPUR: Oil and gas (O&G) stocks are among the most active counters on Bursa Malaysia in early trade on stronger oil prices.

The Bursa Malaysia Energy Index rose 0.17%, or 1.47 points to 843.73.

Sapura Energy, the most active counter on Bursa Malaysia, is unchanged at 10.5 sen with 56 million shares.

KNM Group rose 2.17%, or 0.5 sen to 23.5 sen with 38 million shares traded, Hibiscus Petroleum added 1.12%, or one sen to 90 sen and Bumi Armada gained 0.5 sen to 53 sen.

Reuters reported that oil prices jumped on Monday to the highest levels in years on rebounding demand.

Brent crude rose US$1.26, or 1.5%, to settle at US$83.65 a barrel while US West Texas Intermediate (WTI) crude gained US$1.17, or 1.5%, to settle at US$80.52.

“Energy crisis uncertainty will likely keep crude prices heading higher until the oil market seems likely it is heading towards balance.

“The natural gas shortage is not going away anytime soon and that will keep providing additional demand for crude,” said Edward Moya, a senior market analyst at brokerage OANDA.

He said stockpiles normally grow around this time of the year, but they are currently tightening.

“WTI crude will remain very volatile, but if spreads continue to show signs of tightness, prices will continue to rally,” he added.


转载说明:本文转载自Sunbet。

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