KLSE (MYR): PETRONM (3042)
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Last Price
4.32
Today's Change
+0.01 (0.23%)
Day's Change
4.31 - 4.35
Trading Volume
35,700
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19,326 comment(s). Last comment by allaboutvalue 2 weeks ago
Newmaster
485 posts
Posted by Newmaster > 2017-11-17 16:14 | Report Abuse
Oil Market
Year-on-year prices of Dubai increased by 16.8% to average US$50.43 per barrel in the third
quarter of 2017 from US$43.19 per barrel in the same period last year. OPEC’s production cut
which started in January 2017 supported the increase in prices. Product cracks also went on an
upward trend for naphtha, LPG, gasoline, kero-jet and diesel, owing to tightening of Asian and
global balances.