<div class=newsTextDataWrapInner>KUALA LUMPUR (June 8): Malaysia shares and the ringgit may today take cue from the overnight rise in world crude oil prices as investors assess the sustainability of the FBM KLCI's recent gains. 
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Reuters reported that global benchmark Brent crude surged nearly US$2 a barrel on Thursday, lifted by concern about a steep drop in exports from Venezuela and worries OPEC may not raise production at its meeting this month. Brent crude futures settled up US$1.96 a barrel, or 2.6% at US$77.32. U.S. West Texas Intermediate crude rose US$1.22, or 1.88% to US$65.95 a barrel.</div>

<div class=newsTextDataWrapInner>Such sentiment may direct the spotlight on Bursa Malaysia-listed oil and gas-related companies as investors evaluate their business outlook against the broader market.</div>

<div class=newsTextDataWrapInner>Investors may also closely watch the ringgit as crude oil forms a major component of the Malaysian economy. Yesterday (Thursday), the ringgit settled at 3.9770 against the US dollar.</div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner>At Bursa Malaysia yesterday, the KLCI rose 8.68 points or 0.5% to close at 1,785.81 after rising 21.99 points on Wednesday.&nbsp; 
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KUALA LUMPUR (June 8): Malaysia shares and the ringgit may today take cue from the overnight rise in world crude oil prices as investors assess the sustainability of the FBM KLCI's recent gains.
 
Reuters reported that global benchmark Brent crude surged nearly US$2 a barrel on...

Crude oil cue for Malaysia shares as investors assess sustainability of FBM KLCI gains

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He said the news is merely a rumour intended for sabotage, and to maliciously tarnish the image of Forest City and the state of Johor as a whole.

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Prime Minister Datuk Seri Anwar Ibrahim on Friday suggested all parties mentioned in a recent report&nbsp;alleging that the government is planning to issue&nbsp;a licence for a casino in&nbsp;Forest City, Johor, to take necessary action&nbsp;against the foreign news agency.

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