Singapore energy stocks snap 4-day loss on oil rebound

Singapore (Reuters) - The FTSE ST Oil & Gas Index, which consists of 16 Singapore-listed stocks in the energy sector, rises 1.8 per cent in early trade on Tuesday, snapping a four-day losing streak, as crude oil rebounds from a five-year low hit on Monday.

The gains in the index are led by oil service company Ezion Holdings whose share price jumps more than 6 per cent, after having lost nearly a quarter of its market value in the past four days.

Oil and gas is outperforming the broader market, beating a 0.8 per cent gain in the benchmark Straits Times Index.