MT Newswires07-23
Singapore shares opened lower on Thursday, as rising oil prices negated the positive cheer around the tech rally.
The Straits Times Index opened lower by 0.26%, or by 14.52 points, at 5,580.90.
Brent crude prices rose after reports of Iran-backed Houthi militants targeting two Saudi Arabian tankers in the Red Sea, fueling the Middle East conflict and raising concerns over more supply disruptions. Global benchmark Brent advanced 2% to around $96 a barrel.
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