Thai Oil Stocks Soar as Middle East Conflicts Send Crude Prices Higher

Thai oil-linked stocks rose as crude prices climbed due to escalating Middle East conflicts. The share price of Thai Oil Public Company Limited (SET: TOP) surged 1.95% or THB 1.25 to THB 65.25, with a trading value of THB 1.26 billion.

Bangchak Corporation Public Company Limited (SET: BCP) gained 2.69% or THB 1.50 to THB 57.25, while PTT Exploration and Production Public Company Limited (SET: PTTEP) rose by 1.01% or THB 1.50 to THB 150.00.

PTT Public Company Limited (SET: PTT) increased by 1.84% or THB 0.75 to THB 41.50, with a trading value of THB 7.47 billion.

Krungsri Securities believes the Thai government may lift restrictions on diesel exports due to low domestic demand during the rainy season and high inventory levels. However, this decision will depend on policy considerations, particularly regarding ongoing Middle East tensions.