Oil price fall checks STI's rising streak

ANOTHER bucket of crude oil gloom rained on local equities on Wednesday, putting a temporary stop to what had been a relatively sunny streak for the stock market over the past week or so.

Try as it might, the benchmark Straits Times Index (STI) has found it difficult lately to stay within convincing distance of the psychologically significant 3,000-point mark.

Singapore shares dipped 0.1 per cent on Wednesday, with the STI slipping 1.86 points to 2,949.95 after having touched a five-month high the day before.