Asia stocks edge higher, oil up amid Gulf confusion
World1 source1 country🔦 Under-reported57m ago
Asian stock markets edged higher while oil prices rose amidst confusion surrounding shipping operations in the Gulf. Brent crude increased by 0.9 per cent to reach US$84.32 a barrel, and US crude gained 0.7 per cent to US$78.74 a barrel.
The upward movement in oil prices followed reports that shipping traffic through the vital Gulf waterway remained severely restricted, reduced to a mere trickle.
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Channel NewsAsia (SG)Broad market overview focusing on regional stock gains and oil price increases
Newz