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.
The head of the International Monetary Fund called Friday for quick action to end uncertainty over Britain's vote to leave the European Union, which she said is dampening global economic growth.
Large U.S. banks got a lift from the June "Brexit" vote in the second quarter, but could face long-term pain from a British retreat from the European Union.
Oil prices dipped in Asia on Friday, extending the previous day's sharp losses, while analysts warned the ongoing global supply glut would likely linger.
Led by slumps in Europe and Latin America, world crude steel production fell by 1.9 percent in the first six months of 2016 compared with the same period a year earlier, the World Steel Association (WSA) said Wednesday.
Oil prices edged up in Asia Thursday following U.S. data showing a drop in inventories and tracking gains across regional markets, while traders await central bank policy meetings in Europe and Japan.