LONDON, March 19 (Bernama-Xinhua) -- European gas and oil prices rose sharply in early trading on Thursday as escalating tensions in West Asia and attacks on energy infrastructure in Qatar and Iran have heightened concerns over supply disruptions, reported Xinhua.
By Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, March 19 (Bernama) -- Crude palm oil (CPO) futures on Bursa Malaysia Derivatives closed higher on Thursday, tracking gains in energy prices and Indonesia’s biodiesel policy expectations.
KUALA LUMPUR, March 19 (Bernama) -- Oil prices could hit US$120 (US$1=RM3.93) per barrel if Iranian authorities act on their implied threat to strike on five facilities across Saudi Arabia, the United Arab Emirates (UAE) and Qatar, with Asia bearing the brunt given its dependence on Qatari volumes, according to an analyst.
By Danni Haizal Danial Donald
KUALA LUMPUR, March 19 (Bernama) -- The ringgit eased against the US dollar at Thursday’s close following the United States Federal Reserve’s (Fed) decision to keep interest rates unchanged, providing support to the greenback.
By Muhammad Fawwaz Thaqif Nor Afandi
KUALA LUMPUR, March 19 (Bernama) -- The Kuala Lumpur rubber market ended mixed on Thursday, as the West Asia conflict influenced crude oil prices, prompting profit-taking activities, a trader said.
BEIJING, March 19 (Bernama-dpa-AFX) -- Asian stocks nosedived on Thursday as rising oil prices following attacks on key energy infrastructure in West Asia rekindled concerns about inflation, interest rates, and the regional growth outlook, reported dpa-AFX.
MOSCOW, March 19 (Bernama-Sputni/RIA Novosti) -- Gold exchange prices fell 4 per cent on Thursday, dipping below US$4,700 per troy ounce, Sputnik/RIA Novosti reported, citing trading data.
By Durratul Ain Ahmad Fuad
KUALA LUMPUR, March 19 (Bernama) -- Bursa Malaysia ended lower today due to late selling in selected heavyweights, particularly in the healthcare, utilities and financial services sectors and was also in sync with regional market weakness.
MOSCOW, March 19 (Bernama-Sputnik/RIA Novosti) -- Global oil prices climbed sharply on Thursday morning, with Brent breaking above US$113 per barrel, according to trading data.
KUALA LUMPUR, March 19 (Bernama) -- Crude palm oil (CPO) prices are expected to remain above RM4,450 in the near term, supported by elevated energy prices and a favourable palm oil-gasoil (POGO) spread, according to the Malaysian Palm Oil Council (MPOC).
KUALA LUMPUR, March 19 (Bernama) -- Malaysia’s stronger ringgit is helping to ease the impact of rising global import prices, although the country’s import cover has declined, compared with pre-COVID 19 pandemic levels, said the World Bank's lead economist for Malaysia, Dr Apurva Sanghi.
FRANKFURT, March 19 (Bernama-dpa) -- The European Central Bank (ECB) is set to announce its latest decision on interest rates on Wednesday against the backdrop of surging oil prices due to the conflict in West Asia, reported German Press Agency (dpa).
