Daily Market Report (3 Sept 2019)
- Crude oil price has been rather volatile of late no thanks to the US trade war with China. In addition, many is expecting demand to weaken following Hurricane Dorian which had bombarded the Bahamas recently.
- Prices of Brent hit the high of US$75/barrel this year and a low of US$56.20 before closing at US$58.60/barrel currently.
- Therefore, we expect interests on Oil & Gas stocks to subside as outlook remains murky at the moment.
