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.
Europe's stock markets rose Monday on growing hopes that Japan would deliver more stimulus measures in response to flat economic growth, dealers said.
Oil rose further Monday on hopes that OPEC producers would agree to freeze output next month and ease the global supply glut.
European stock markets were largely steady Friday as traders reacted to news of sharply weaker growth across the eurozone except in Germany, the bloc's biggest economy.
Crude prices rose in Asia Friday, extending overnight gains after Saudi Arabia's oil minister hinted producers could agree to limit production.
European and Asian stock markets traded mixed Thursday as investors tracked falling oil prices.
The American dollar rose against most Asia-Pacific currencies Thursday but gains were capped as traders waited for clearer signals on the timing of a possible U.S. interest rate hike.
Oil prices fell for a third day in Asia trade Thursday after figures showing high U.S. crude stockpiles and increased Saudi production.
The American dollar sank Wednesday in Asia as disappointing U.S. data poured cold water on the chances of a U.S. interest rate hike this year.