Keppel shares are up 15% as oil prices stabilise. Is this the time to jump in?

SINGAPORE (Feb 3): Keppel Corporation is among the heavyweight blue-chip stocks that drove the Straits Times Index sharply higher in the wake of Donald Trump’s election victory.

Since Nov 8, the stock is up more than 15% versus a 9% gain in the benchmark index.

The key metric being watched by investors is the price of oil, which has stabilised at around US$55 per barrel, up from less than US$50 per barrel in 2016.

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