Oil and gas (O&G) companies led the gains in the market, as crude oil prices rallied after talks between Saudi Arabia and Russia culminated in an agreement to freeze output late yesterday afternoon.
The two countries, which are the biggest producers of crude in the world alongside Qatar and Venezuela, agreed to freeze output at January levels following talks held in Doha, Qatar.
This marks the first time that major oil producers are taking cooperative measures in order to address the current oversupply of oil, which had brought prices to the lowest in more than a decade.
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The two countries, which are the biggest producers of crude in the world alongside Qatar and Venezuela, agreed to freeze output at January levels following talks held in Doha, Qatar.
This marks the first time that major oil producers are taking cooperative measures in order to address the current oversupply of oil, which had brought prices to the lowest in more than a decade.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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