PTT Group Surges as Oil Price Nearly Hit $67 in Concerns of U.S. Output Shutdown
PTT Group Surges as Oil Price Nearly Hit $67 in Concerns of U.S. Output Shutdown.
PTT Group Surges as Oil Price Nearly Hit $67 in Concerns of U.S. Output Shutdown.
23 ก.พ. 2564

The share price of PTT Public Company Limited (PTT) and its group edged higher on Tuesday after the international benchmark Brent crude reached $66.63 per barrel in response to concerns over lower U.S. output due to the storm in Texas.
 
The share price of PTT rose ฿0.50/share or 1.25% to ฿40.50/share after the opening bell on Tuesday.
PTT Exploration and Production Public Company Limited (PTTEP) gained ฿2.00/share or 1.81% to trade at ฿112.50/share.
PTT Global Chemical Public Company Limited (PTTGC) increased ฿1.00/share or 1.61% to ฿63.25/share.
PTT Oil and Retail Business Public Company Limited (OR) advanced ฿0.25/share or 0.79% to ฿32.00/share.
Meanwhile, other oil-related companies such as TOP and ESSO also saw their prices edged higher by 2.62% to ฿58.75/share and 3.49% to ฿8.90/share, respectively.
 
Due to a heavy winter storm in Texas, U.S. producers shut anywhere from 2 million to 4 million barrels per day of oil output Meanwhile,  the unusually cold conditions could damage installations that could keep output at a lower level longer than expected.