Higher oil prices a double-edged sword, say economists
PUTRAJAYA (April 16): Ongoing tensions in the Middle East, with the potential for further escalation, are poised to drive crude oil prices higher – a development that could significantly benefit net-exporting oil-producing countries, according to economists. Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said he anticipated a favourable performance for the oil [...]
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