KUALA LUMPUR, Oct 8 — The ringgit closed higher on Thursday against most Asean currencies, but lower against the US dollar amid a renewed surge in oil prices and escalating geopolitical tensions in West Asia, an analyst said.

At 6pm, the ringgit inched down to 4.0890/0940 against the greenback from Wednesday’s close of 4.0850/0895.

Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said Brent crude rose 4.08 per cent to US$104.29 per barrel as the West Asia conflict is expected to be prolonged.  “In addition, concerns about fiscal sustainability in Europe, especially in France, have led to a stronger US dollar. It appears that … traders are seeking refuge against uncertainties,” he told Bernama today.