Ringgit in spotlight on crude oil fall - News Summed Up

Ringgit in spotlight on crude oil fall


KUALA LUMPUR (Oct 26): Malaysian shares and the ringgit may take the cue from overnight crude oil and US share losses as investors eye Malaysian corporate financials. Shares of Malaysian oil and gas support-services entities may be closely watched after crude oil prices fell below US$50 (about RM208) a barrel. The ringgit may also be in the spotlight as crude oil is a major component of the country's economy. US shares fell overnight. In crude oil markets, US oil fell 1.1% to US$49.96 a barrel while Brent oil was 1.3% lower at US$50.79.


Source: The Edge Markets October 25, 2016 23:57 UTC



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