Energy Sector Outperforms as Crude Oil Prices Stabilize; Brent Holds $82

January 30, 2026

Sector Analysis

Bloomberg

The Energy Index rose 0.9%, making it the best-performing sector today. Brent crude oil prices stabilized around $82 per barrel, providing support for stocks like Petronas Gas and Dialog Group.

Malaysia's energy sector showed resilience and outperformed the broader market amid stable crude oil prices. Brent crude oil prices held above the $82 per barrel mark, easing concerns about weak demand. Petronas Gas Bhd led the gains, climbing 1.5% to RM17.80, while Dialog Group Bhd also rose 0.7%. Analysts suggest that upstream and midstream service providers are poised to show higher margins in the upcoming Q1 earnings reports, benefiting from the ongoing capital expenditure (CAPEX) cycle and favorable exchange rates.

View Source: Bloomberg

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