Further stabilisation of oil prices seen favourable to ringgit next week.

The ringgit may trade at the 4.25-4.27 level next week provided there were no surprises coming from the Organisation of the Petroleum Exporting Countries’ (Opec) meeting.

Opec and its allies will hold their respective meetings today to discuss an oil production agreement and whether to extend the record 9.7 million barrels per day of output cuts beyond June.