S.Korean refineries jump as oil prices touch 2019-high

Kumho Petro Chemical

18/02/2019 01:16

** Shares of South Korean refineries trade higher as oil
prices hit 2019-high
    ** SK Innovation  096770.KS , owner of South Korea's top
refiner SK Energy, jumps as much as 3.3 pct, while the country's
third-biggest refiner S-Oil  010950.KS  gains up to 5.2 pct 
    ** Lotte Chemical  011170.KS  and Kumho Petro Chemical
 011780.KS  rise up to 4.6 pct and 1.8 pct respectively, pushing
chemical sub-index  .KS29  up 2.3 pct
    ** Oil prices hit their highest levels in 2019 on Monday,
lifted by OPEC-led supply cuts and U.S. sanctions on Iran and
Venezuela  urn:newsml:reuters.com:*:nL3N20D06A
    ** The broader KOSPI market  .KS11  was trading up 0.8 pct

 ((hayoung.choi.thomsonreuters.com@reuters.net))