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