Prices of petrol, diesel remain unchanged
KUALA LUMPUR: The retail prices of RON95, RON97 and diesel will remain unchanged for the period of Nov 17 to 23. In a statement today, the Finance Ministry said the retail prices of RON97, RON95 and diesel will remain respectively at RM3.95, RM2.05 and RM2.15 a litre. “To protect consumers from the effects of global […]
CPO may hit RM3,800 per tonne in Q3, Q4 2021
KUALA LUMPUR: Crude palm oil (CPO) price may hit RM3,800 per tonne in the third (Q3) and fourth quarters of 2021, leading to an average price of RM3,678 per tonne this year for the commodity, said OCBC Bank. The bank’s commodity outlook report for 2021, released today, showed that CPO touched RM3,612 per tonne in […]
Ringgit slightly higher against US dollar on mild buying interest
KUALA LUMPUR: The ringgit was slightly higher at opening on Tuesday, buoyed by mild interest despite the stable US dollar and lower crude oil price which is trading at $63.69 per barrel, down by 1.13 per cent. At 9am, the ringgit stood at 4.0510/0550 versus the greenback from Monday’s close of 4.0550/0580. A dealer said […]
Ringgit lower versus US dollar, hobbled partly by crude oil market
KUALA LUMPUR: The ringgit opened lower against the US dollar on Monday, hobbled partly by the domino effect of risk-off sentiment on the crude oil market as investors turned cautious ahead of next week’s Organisation of the Petroleum Exporting Countries (Opec) meeting. At 9am, the ringgit stood at 4.0530/0580 against the US dollar from Friday’s […]
Oil market recovery depends on how long Covid-19 measures are in place
KUALA LUMPUR: The worst may not be over for the oil market as West Texas Intermediate (WTI) ended its May contract trading about $30 below zero on Monday, the first time oil prices have ever turned negative. WTI crude is a specific grade of crude oil and one of the three main benchmarks in oil pricing, along […]
