Trend Following On The Oil&Gas Sector In Bursa Malaysia

Crude oil price stays steady. Crude oil price has steadily recovered from USD70/barrel in 3Q09 and held steady at an average USD80/barrel since 4Q10. As most oil majors consider stabilizing oil prices as crucial when allocating capital expenditure, we believe most are using USD80/barrel as  a  benchmark.  Although  we  think  that oil  supply is likely  to …