Crude Oil Finish The Week Close To USD73
After nearing the USD75 mark at the beginning of last week, WTI oil succumbed to some profit-taking and fell below USD70 on an intraday basis on Thursday 27 August. Prices then recovered to finish the week close to USD73. Oscillating prices may remain the key dynamic in the oil market over the coming weeks as demand improves from a low base and economic conditions remain at an inflection point.
Back to Malaysia today the RON95 petrol which will replace RON97 will be retailed at RM1.80 per liter, said Domestic Trade, Cooperative and Consumerism Minister Datuk Seri Ismail Sabri Yaakob.RON97 had been upgraded as a premium petrol with a price of RM2.05 per liter.
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