Ringgit continues its decline as oil falls below US$30 per barrel | Malay Mail

KUALA LUMPUR, March 18 — The ringgit remains under pressure as crude oil price plunges to below US$30 (RM131) per barrel, while Covid-19 continues to throttle global demand for oil. As at 6pm, the ringgit was quoted at 4.3737/3844 compared with 4.3480/3530 yesterday, while the benchmark Brent...

Wednesday, 18 Mar 2020 07:27 PM MYT

KUALA LUMPUR, March 18 — The ringgit remains under pressure as crude oil price plunges to below US$30 per barrel, while Covid-19 continues to throttle global demand for oil. An analyst said that the decline in oil prices will restrain the government’s financial capabilities as oil is one of the country’s main sources of income.

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