A weaker US dollar led to higher crude oil prices. As crude oil is transacted in US dollars, a weaker US dollar makes the commodity cheaper for buyers with other currencies. In Malaysia, news on Sarawak Chief Minister Tan Sri Adenan Satem's demise may direct the spotlight on shares of Sarawak-related companies as the state undergoes a leadership transition. Yesterday, the FBM KLCI rose 3.16 points or 0.2% to close at 1,675.21 points. In crude oil markets, Brent futures increased US$1.46 or 2.7% to US$55.10 a barrel while the US' West Texas Intermediate rose US$1.43 or 2.8% to US$52.25.

Source: The Edge Markets January 11, 2017 23:50 UTC