Oil prices edged up in Asia Thursday after slumping for five-straight sessions to a three-month low after a surprise jump in U.S. stockpiles built on increasing worries about a global supply glut.
European and Japanese shares rallied Wednesday after Tokyo launched a massive stimulus package, with sentiment buoyed also by accelerating British economic growth and upbeat company results.
Oil prices slipped to fresh three-month lows Wednesday as worries about a global oversupply resurface ahead of the release of U.S. stockpiles data later in the day.
In this Sunday, January 16, 2011 file photo, Beam Down Pilot project, a joint pilot project of the Masdar Institute of Science and Technology, Japan's Cosmo Oil Company and the Tokyo Institute of Technology, takes the conventional concentrated solar power design and literally turns it on its head at Masdar City in Abu Dhabi, United Arab Emirates.
The yen rose sharply on Tuesday after a drop in oil prices hit confidence and as investors await the outcome of U.S. and Japanese central bank meetings.
Oil prices edged up slightly in Asia on Tuesday after tumbling more than two percent the day before, while a weaker dollar also provided support, although fears about a global supply glut are returning to the fore.
Asian equity traders moved cautiously Monday as another record close on Wall Street was offset by wariness ahead of central bank meetings in Japan and the United States this week.
Oil prices dipped on Monday, extending last week's losses on fresh worries about a global supply glut as more U.S. rigs come back online and the dollar strengthens.
Britain's vote to leave the European Union heightens risks for the world economy, finance chiefs from the G-20 group of leading countries said Sunday.
The world's leading economies must do more to boost slowing global growth, the International Monetary Fund and Washington urged as G-20 finance ministers gathered Saturday, with the U.K.'s vote to leave the European Union threatening more disruption.