O&G index hit by coronavirus outbreak, lower oil prices

For the historical record. And I did not know there is a Bursa Malaysia Energy Index.

Dateline 2020-02-05, The Malaysian Reserve:

BURSA Malaysia Energy Index, which tracks oil and gas (O&G)-related 6stocks on the local exchange and is highly correlated to energy prices, is downtrending as oil prices trade between US$50 and US$55 (RM226.05) a barrel levels on expectations of lower global oil demand due to the coronavirus (nCoV) outbreak in China.

The index closed slightly lower, down 0.07% to 1,146.40 points. In the past five days, the index has been down 5.72% and 9.31% lower in the past 30 days.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: