Rex International doubles down on oil even as it diversifies

Singapore

MID-SIZED upstream oil firm 5WH is by far the most traded energy stock on the Singapore Exchange (SGX) this year, and rising crude prices as global economies rebound is only part of its red-hot appeal.

Over a span of just two months, the Catalist-listed firm has dished out two big deals to keep investors satiated. It bought an oil field in Norway, marking its first production asset in western Europe's largest oil-and-gas producer, where the firm already has several key discovery assets.