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Oil-linked shares soar on Opec, non-Opec deal

Tuesday, December 13, 2016 - 05:50

oilrig.jpg
Oil-related counters were in play on Monday, as oil prices gained on hopes that output reductions by oil producing nations would ease the supply glut that has plagued the sector.

Singapore

OIL-RELATED counters were in play on Monday, as oil prices gained on hopes that output reductions by oil producing nations would ease the supply glut that has plagued the sector.

The FTSE ST Oil & Gas Index closed the day at 357.43, up 17.96 points or 5.29 per cent.

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