ANKARA, June 5 — The Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, confirmed on Sunday they would keep their current output cuts unchanged until the end of the year, with additional voluntary production cuts from Saudi Arabia of around 1 million barrels per day (bpd) in July.

ANKARA, April 3 — Oil prices rallied on Monday after some OPEC+ countries cut production by more than 1 million barrels per day (bpd) in an already tight market, raising concerns about further interest rate hikes and weaker economic growth.

KUALA LUMPUR, April 3 — The ringgit retreated from its gains last week to open lower against the US dollar on Monday as the surprise move by the Organisation of Petroleum Exporting Countries and its allies (OPEC+) over the weekend affected market sentiments, said an economist.

MOSCOW, March 14 — OPEC has upgraded its forecast for the global oil demand growth in 2023 by 30,000 barrels per day to 2.3 million barrels per day, according to its fresh report published on Tuesday as reported by Sputnik.

KUALA LUMPUR, Oct 6 — The ringgit opened flat against the US dollar this morning amidst better United States (US) ADP non-farm employment data.

KUALA LUMPUR, Aug 26 — The ringgit extended yesterday's gains to end the week higher against the US dollar today, boosted by a rally in the oil market which lifted benchmark Brent crude above the US$100 level again.

KUALA LUMPUR, Aug 25 — The ringgit extended yesterday's gains to end higher against the US dollar today, boosted by steady oil prices, said an analyst.

KUALA LUMPUR, Aug 15 — The ringgit ended on a bearish note today amid worries over China’s economic slowdown after it cut interest rates unexpectedly on Monday as the country reported weaker-than-expected industrial production and retail sales figures.

REUTERS, March 1 — Oil prices climbed on Tuesday as concerns over potential supply disruption amid Russia's invasion of Ukraine outweighed talk of a coordinated global release of crude stocks to calm markets.

KUALA LUMPUR, Jan 14 — The ringgit has retreated from its gains over the past few days to open lower against the US dollar on Friday despite the weaker greenback, dragged down by the declining oil price, an analyst said.

KUALA LUMPUR, Jan 7 — The ringgit ended the first trading week of 2022 on a firmer note against the US dollar driven by buying interest for the local currency on steadier crude oil prices, said an analyst.

TOKYO, Dec 2 — Oil prices rose on Thursday, recouping the previous day's losses, as investors adjusted positions ahead of an OPEC+ decision over supply policy, but gains were capped amid fears the Omicron coronavirus variant will hurt fuel demand.

KUALA LUMPUR, Oct 2 — The ringgit is expected to remain in a tight range with a slight appreciation bias next week, as technical indicator suggests that the US Dollar Index is in the midst of an overbought position.

KUALA LUMPUR, Sept 2 — The ringgit continued to close slightly weaker against the US dollar as investors remained on the sidelines today, awaiting the release of the US non-farm payroll reports for more hints on when the US Federal Reserve will begin tapering this year.

KUALA LUMPUR, Sept 1 — The ringgit closed marginally lower against the US dollar today despite the drop in new daily Covid-19 cases in Malaysia and higher oil prices, said an analyst.

KUALA LUMPUR, Aug 28— The ringgit is likely to experience headwinds next week, trading in the range of RM4.19 to RM4.21 against the US dollar, said Bank Islam Malaysia Bhd economist Adam Mohamed Rahim.

KUALA LUMPUR, Aug 13 — The ringgit opened slightly lower against the US dollar today as the greenback strengthened against commodity currencies, underpinned by recovery optimism.

KUALA LUMPUR, July 6 — The ringgit opened marginally higher against the US dollar on Tuesday, supported by firmer crude oil prices.

KUALA LUMPUR, June 28 — Bursa Malaysia opened the new week in negative territory as sentiment was affected by the extension of the movement control order 3.0 (MCO 3.0) At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) slid 7.88 points to 1,551.80 from Friday’s close of...

KUALA LUMPUR, June 1 — The ringgit opened higher against the US dollar today, fuelled by increasing oil prices because of the anticipated lower production and ahead of US economic data expectations.