By Engku Shariful Azni Engku Ab Latif
KUALA LUMPUR, May 4 (Bernama) -- The rubber market closed mixed on Monday amid a stronger ringgit against the US dollar and higher crude oil prices, a dealer said.
At 8 am, the ringgit gained against the greenback to 3.9590/9725 from 3.9690/9740 at last Thursday’s close.
At the time of writing, Brent crude oil prices rose 1.04 per cent to US$109.41 per barrel.
"A stronger ringgit weighed on rubber prices, while higher crude oil prices lent support, resulting in a mixed trend.
"However, gains were limited by uncertainties over the West Asia conflict and US trade policies," the dealer told Bernama.
At 3 pm, the Standard Malaysian Rubber (SMR) 20 price increased seven sen to 866 sen per kilogramme (kg) while latex-in-bulk inched down by one sen to 750 sen per kg.
-- BERNAMA
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