Daily Market Report (24 June 2019)
Mon, Jun 24, 2019 2:18 PM
- Crude oil price has had a very volatile month on the back of the ongoing tension between the US and Iran. As a result, crude oil price trended within a wide band of US$60 to US$69 per barrel over the last month. We expect recent proposed sanctions on Iran will inject more price volatility.
- With crude price currently at US$65/barrel, we expect there to be more upside with President Trump being the main instigator. With this, the Oil & Gas sector should be back in the limelight and amongst others our favourites are Serba Dinamik, Straits Inter Logistics, Hibiscus, Dialog and Yinson.
