Rex International doubles down on oil even as it diversifies

Singapore

MID-SIZED upstream oil firm 5WH : 5WH 0% 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.