On Wednesday at 10:42 AM (Bangkok time), the share price of PTT Exploration and Production Public Company Limited (SET: PTTEP) rose by 2.29% or THB 3.00 to THB 134.00, with a trading value of THB 1.55 billion.
The surge in PTTEP’s share price can be linked to the 2% uptick in West Texas Intermediate (WTI) crude futures following Iran’s ballistic missile attack on Israel in retaliation for Israel’s recent killings of Hezbollah leaders in Lebanon.
In addition, traders remained attentive to the imminent weekly report on crude oil stockpiles by the US Energy Information Administration (EIA), slated for release later in the day. Market expectations anticipate a decline of 1.3 million barrels for the week concluding on September 27.
