Thursday, February 17, 2011

0il, gas stocks to gain from Mideast crisis

THE Middle East unrest is expected to keep crude oil prices high, benefiting Malaysian oil and gas services provider while demand for palm oil could drop as building activities there may be disrupted, according to OSK Research Sdn Bhd.

The plantation and transport industries are the potential losers while the only winner is the oil and gas sector, Chris Eng, an analyst at OSK, said in a report today. - Bloomberg

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