[Featured Stock] S-Oil Hits Record High Amid Rising Oil Prices
[Asia Economy Reporter Song Hwajeong] S-Oil recorded a 52-week high during trading amid rising international oil prices.
As of 10:10 AM on the 28th, S-Oil was trading at 113,000 KRW, up 3,500 KRW (3.2%) from the previous day. During the session, it rose to 115,000 KRW, setting a new 52-week high.
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The rise in oil prices appears to have driven the stock price up. International oil prices reached their highest level in three years due to concerns over supply shortages. On the 27th (local time) at the New York Mercantile Exchange, the November West Texas Intermediate (WTI) crude oil price closed at $75.45 per barrel, up $1.47 (1.99%) from the previous session. This is the highest price since October 3, 2018.
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