KUALA LUMPUR: The ringgit rebounded from Wednesday’s losses to end marginally higher against the US dollar yesterday, boosted by buying demand and continued rally in crude oil prices, says a dealer.

       At 6 pm, the local note stood at 4.1870/1890 versus the greenback compared with 4.1935/1955 at Wednesday’s close.

       A dealer said oil prices continued their uptrend yesterday, with Brent crude soaring above US$116 (RM485.65) per barrel as trade disruption and shipping issues from Russian sanctions over the Ukraine crisis sparked supply worries while US crude stocks fell to multi-year low. — Bernama

       The Organisation of the Petroleum Exporting Countries and its allies including Russia (OPEC+) have decided to maintain an increase in output by 400,000 barrels per day this month despite the price surge, ignoring the Ukraine crisis during their talks and snubbing calls from consumers for more crude, he said.

       -- BERNAMA