Tuesday, 29 Jun 2021 09:57 AM MYT
At 9.03am, the local note declined to 4.1470/1500 versus the greenback from 4.1445/1495 at yesterday s close. AFP pic
Follow us on Instagram and subscribe to our Telegram channel for the latest updates.
KUALA LUMPUR, June 29 The ringgit opened slightly lower against the US dollar this morning as the oil price had declined amidst concerns that the spread of the Covid-19 Delta variant would ease demand for fuel, an analyst said.
At 9.03am, the local note declined to 4.1470/1500 versus the greenback from 4.1445/1495 at yesterday s close.
At the time of writing, benchmark Brent crude oil slipped 0.32 per cent to US$74.44 per barrel.
Noah Browning
1/2
Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, U.S. April 21, 2020. REUTERS/Drone Base/File Photo
Read More
MELBOURNE, June 29 (Reuters) - Oil prices dropped for a second day on Tuesday on worries about slower fuel demand growth as outbreaks of the highly contagious Delta variant of coronavirus sparked new mobility restrictions around the world.
Brent crude futures fell 67 cents, or 0.9%, to $74.01 a barrel by 0901 GMT, after slumping 2% on Monday.
U.S. West Texas Intermediate (WTI) crude futures fell 83 cents, or 1.1%, to $72.08 a barrel, extending a 1.5% loss on Monday.
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar this morning as the oil price had declined amidst concerns that the spread of the COVID-19 Delta variant would ease demand for fuel, an analyst said.
At 9.03 am, the local note declined to 4.1470/1500 versus the greenback from 4.1445/1495 at Monday’s close.
At the time of writing, benchmark Brent crude oil slipped 0.32 per cent to US$74.44 per barrel.
Bank Islam Malaysia Bhd economist, Adam Mohamed Rahim said oil benchmark Brent crude dipped by 1.9 per cent yesterday over concerns that the spread of a COVID-19 variant in Europe and Austria will lead to less travel, putting pressure on oil prices.
Oil falls as flare-ups of Covid-19 variant threaten fuel demand indiatoday.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatoday.in Daily Mail and Mail on Sunday newspapers.
OPEC and Allies Hold the Cards as Prices and Demand Rise nytimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nytimes.com Daily Mail and Mail on Sunday newspapers.