[HONG KONG] Oil extended the longest winning streak in more than four months before Opec and other producing nations start reducing output to stabilize the market.
SINGAPORE shares on Friday opened 13.69 points, or 0.48 per cent, down at 2,868.35 as trade slowed ahead of the Christmas weekend.
SINGAPORE shares opened 5.25 points, or 0.18 per cent, higher at 2,916.56 as at 9.02 am on Wednesday, following Wall Street's overnight march towards a new high. ...
INVESTORS are the most optimistic on oil since the slump began two-and-a-half years ago.
[HONG KONG] Oil extended its gains above US$52 a barrel as a planned production boost from Libya stalled amid continuing tension in the Opec member exempt from agreed output cuts.
[HONG KONG] Oil retreated from the highest close since July 2015 as focus shifted to expanding US crude stockpiles after Opec and other producing nations agreed to cut output to stabilize the market.