Asia Markets: Oil’s Rise Buoys Asian Energy Shares

Energy shares rose across Asia on Thursday as oil prices breached a key threshold, though lingering concerns about a U.S. interest-rate increase capped gains in stocks.

Topics:  asia on thursday   u.s    oil   energy shares   
BING NEWS:
  • Oil holds steady as traders weigh rise in U.S. supplies, Middle East cease-fire talks
    The EIA on Wednesday reported a climb in crude inventories of 7.3 million barrels for the week that ended April 26. On average, analysts had forecast a crude-supply decrease of 2.5 million barrels, ...
    05/2/2024 - 8:23 am | View Link
  • Asia And Europe Markets Mixed; Crude Oil Drops Below $80
    On Wednesday, May 1st, the U.S. stock markets closed mixed after the Federal Reserve held interest rates steady and hinted at a possible future rate cut, though it noted that inflation improvements ...
    05/1/2024 - 11:49 pm | View Link
  • How the Ukraine War Shocked Asian Energy Markets
    When Russian forces mounted their invasion of Ukraine in February 2022, it was clear immediately that the consequent dislocations in the global energy ... expense of Asian spot buyers. With oil, most ...
    05/1/2024 - 1:00 pm | View Link
  • Oil prices end lower as weekly U.S. crude supplies rise by over 7 million barrels
    Oil futures declined Wednesday, poised for a third straight session loss after official U.S. data revealed an unexpected weekly rise of more than 7 ...
    05/1/2024 - 3:54 am | View Link
  • Stock market today: Asian stocks follow Wall St tumble. Most markets in the region close for holiday
    Asian stocks fall with most of the markets in the region closed for a holiday after U.S. stocks closed out their worst month since September ...
    04/30/2024 - 6:42 pm | View Link
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