Weak oil prices send STI sliding

A 5 per cent overnight plunge in oil prices brought pressure to bear on the oil and gas (O&G) sector on Thursday, depressing the Straits Times Index (STI) by 26.45 points to 3,118.84. Turnover amounted to a subdued 2.3 billion units worth S$1 billion, the lowest one-day total in about 11 weeks. Excluding warrants, there were 163 rises versus 354 falls.

Wall Street fell for a third consecutive session on Wednesday after the US Department…