At USD 38 and rebounded to USD 40 above. We have monitored the movement and we do feel that it is too low to sustain the price at this level for future production. Furthermore, if China slow but US has resumed it’s upward momentum. We believe oil price will regain it’s strength once Iran and OPEC issues surrounding oil finally digested. We bought UZMA at RM 1.71 and we will start to buy more if prices are cheap.
Leave a Reply