Brent Pecah $65
Commodity's price determined primarily by the forces of supply and demand
1)SUPPLY=OPEC
OPEC+ announced that they will ease oil output cuts gradually from May to July
2)DEMAND=INVENTORY
Energy Information Administration reported crude oil inventories had shed 5.9 million barrels in the week to April 9
O&G stock to watch on BURSA
1) HENGYUAN (4324): HENGYUAN REFINING COMPANY BERHAD
2) PENERGY (5133): PETRA ENERGY BHD
1)SUPPLY=OPEC
OPEC+ announced that they will ease oil output cuts gradually from May to July
2)DEMAND=INVENTORY
Energy Information Administration reported crude oil inventories had shed 5.9 million barrels in the week to April 9
O&G stock to watch on BURSA
1) HENGYUAN (4324): HENGYUAN REFINING COMPANY BERHAD
2) PENERGY (5133): PETRA ENERGY BHD
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.