Malaysia should assume worst case for oil, says analyst

Kuala Lumpur

AS Teheran re-enters the oil market, pushing prices to below US$28 a barrel and a 12-year low, an analyst has suggested that it may be necessary for Malaysia to pencil in an ultra-conservative average of US$10 oil in its revised Budget, given the rapid pace of decline of oil prices.

Whether the assumption is provocative or overly bearish, independent interest rate and foreign exchange…