Brent crude held firmly above US$50 a barrel in Asian trade Friday as a bullish momentum continued, fueled by hopes of an output freeze by key producers and data showing robust U.S. demand.
Oil prices eased slightly in Asia Thursday amid reports OPEC kingpin Saudi Arabia would further raise output in August.
World stock markets largely retreated Wednesday, with all eyes on the Federal Reserve as it prepares to offer further clues as to the timing of the next U.S. rate rise.
The U.S. dollar halted its slide in Asia trade Wednesday after a senior U.S. central banker said overnight that an interest rate raise could come as early as next month.
A commitment to investment in universities and research has enabled mainland China to join the world's top 25 most innovative economies for the first time, according to a new report co-sponsored by the United Nations' intellectual property organization.
Oil prices fell back Wednesday after rallying in recent sessions, as attention turned to U.S. stockpiles data for an update on levels of supplies in the world's biggest crude consumer.
The U.S. dollar slumped Tuesday as dealers awaited the release of minutes from the Federal Reserve's last meeting, while an overnight jump in oil prices lifted emerging Asian currencies.
European stock markets fell on Tuesday, with traders reacting to early indications regarding the economic fallout of Britain's Brexit vote.
Oil prices eased in Asia Tuesday as doubts emerged that Saudi Arabia and other major producers would reach an agreement to freeze output during a meeting next month.
China will propose a joint initiative to revive weak global growth at next month's meeting of leaders of Group of 20 major economies amid rising protectionist sentiment in the United States and Europe, officials said Monday.