Oil-linked stocks soar as oil prices rally
Crude prices hit near one-month high on hopes of Opec striking deal to cut output
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
OIL-RELATED stocks on the Singapore Exchange were given a lift on Tuesday as oil prices rose to their highest in nearly a month on the back of an expected output cut by producer cartel Opec.
Offshore services firms Ezra Holdings and Ezion holdings, as well as oil and gas exploration and production firms KrisEnergy and RH PetroGas closed the day 2-11 per cent higher amid heavy trading.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
