Rebound in Ezra Seen to Be Fleeting Amid Oil Industry Woes

  • Oil-services shares led by Ezra top Singapore index gains
  • Companies seek extensions on payments due next year amid slump

Ezra Holdings Ltd. is leading a rebound among Singapore oil-services providers this month, after bearish bets pushed the company’s shares to all-time lows. The rally will be short-lived amid deepening financial distress in the industry, analysts say.

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