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Chaotic overnight crude oil market sends ringgit lower at opening | Malay Mail

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KUALA LUMPUR, April 21 ― The ringgit opened marginally lower today following a chaotic overnight session in crude oil markets which saw the US crude oil futures plunged to below US$0 for the first time in history. At 9.01am, the ringgit weakened to 4.3780/3880 against the US dollar from...

At 9.01am, the ringgit weakened to 4.3780/3880 against the US dollar from 4.3700/3770 at yesterday’s close. — Reuters pic

At 9.01am, the ringgit weakened to 4.3780/3880 against the US dollar from 4.3700/3770 at yesterday’s close. “The sharp plunge in demand has caused storage saturation levels to the brim, forcing sellers to pay buyers to take May barrels.

 

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