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Highlights
of the report as follow:-
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Commodity:
Possibility of oil production freeze
v The 15th International Energy Forum will be
held in Algeria from 26-28 September 2016. Market expectations are that OPEC
and non-OPEC members will work out an agreement to reduce collective output.
A production freeze will not translate into significant oil
price gains. We expect Ringgit Malaysia against US dollar to fluctuate around
4.08-4.10.
If this turns out to be disappointing, we expect Ringgit
Malaysia against US dollar to trade within 4.11-4.15.
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Monday, September 26, 2016
Commodity: Possibility of oil production freeze
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