Stocks in PTT Group traded lower on Thursday following the plummet in oil price amid a sharp rise in the U.S. stockpile.
As of 11:00 local time in Thailand on October 28, 2021, the share price of PTT Public Company Limited (PTT) fell ฿0.25/share or 0.65% to ฿38.50/share.
PTT Exploration and Production Public Company Limited (PTTEP) fell ฿3.50/share or 2.88% to ฿118.00/share.
PTT Global Chemical Public Company Limited (PTTGC) fell ฿1.50/share or 2.35% to ฿62.25/share.
PTT Oil and Retail Business Public Company Limited (OR) fell ฿0.25/share or 0.89% to ฿27.75/share.
The U.S. Energy Information Administration (EIA) reported that crude oil inventories rose by 4.3 million barrels last week, which was more than the expectation of 1.9 million barrels.
Currently, Brent crude dropped to $82.68 per barrel while West Texas Intermediate (WTI) fell to $81.02 a barrel. Oil prices were surging earlier this week with Brent breaking the $86 level and WTI surpassing the $85 level.