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Despite the markets not normally especially volatile over the New Year period, the price of crude oil has been dropping since Monday, with a plunge on Tuesday from an opening price of around $80 per barrel to a low of $76.
The price of crude oil has been in a bearish trend for nine consecutive weeks from its June high of $123.60 per barrel to an August low of $86.50 per barrel. “The downtrend possibly continues, as the market holds concerns over less demand due to the global economic slowdown, especially China’s downturn,” said Nhim Kosol, business manager at PP Link Securities.
CEO Chea Sothea explains how Golden FX Link Capital (G-Link) – a licensed brokerage company recognised by the Securities and Exchange Regulator of Cambodia (SERC) – is rolling out exciting training programmes to guide potential investors and create awareness about the sector.
Share A motorbike stands to fill up fuel tank at a gas station in Phnom Penh yesterday. Hong Menea Covid jab campaigns fuelling petrol price hike Tue, 2 March 2021 Retail petrol prices in Cambodia have soared since the beginning of this year, with observers suggesting that momentum in the world’s ongoing Covid-19 vaccination schemes has driven up international crude oil prices. The retail selling price of petrol in the Kingdom from March 1-15 has been set at 3,700 riel ($0.91) per litre of regular EA92 – with an octane rating of at least 92 – and 3,350 riel per litre of diesel, accordin...