Investors in ‘very risk-off mode’ as oil prices stay elevated — PSE chief - BusinessWorld Online

Investors in ‘very risk-off mode’ as oil prices stay elevated — PSE chief - BusinessWorld Online

PHILIPPINE STOCK EXCHANGE (PSE) President Ramon S. Monzon said investors are in a “very risk-off mode” amid the Middle East conflict, adding that oil prices, currently at $131.97 per barrel, would need to fall to around $80 to signal a return to market stability. “I think we need to see oil back at the $80 level… When the oil starts going down from $100 to $80, I think it will deliver a strong message to the market that the conflict has somewhat…