3 stocks in PTT group edged higher in the morning session of June 16, 2021, after WTI futures had risen US$1.24 or 1.8% to US$72.12 a barrel, making a record high since October, 2018. While Brent crude for the month of August surged US$1.13 or 1.6% to US$73.99, setting a new record high since April, 2019.
As of 11:54 local time in Thailand, PTT Exploration and Production Public Company Limited (PTTEP) rose ฿4.00/share or 3.35% to ฿123.0/share with a trading value of 1,805 million baht.
PTT Global Chemical Public Company Limited (PTTGC) rose ฿1.75/share or 2.95% to ฿61.00/share with a trading value of 995 million baht.
PTT Public Company Limited (PTT) rose ฿1.00/share or 2.45% to ฿41.75/share with a trading value of 2,924 million baht.
Crude oil prices have risen in anticipation of a recovery in global economic activity and oil demand as a result of several countries’ progress in the COVID-19 vaccination campaign. In terms of the US crude oil inventory, a study found that stockpiles fell by more than 4 million barrels last week.