Asian markets rise as oil prices slip
Asian shares advanced and oil prices dropped following reports of rising crude supplies from the Middle East. Saudi exports recovered in September after slumping to multi-year lows in August. Meanwhile, investors awaited upcoming central bank speeches and diplomatic meetings.
Xurve View
Insights:
Xurve View
Brent Crude Oil fell 2% on Monday morning following conflicting reports of rising supply from Saudi Arabia. The drop in energy costs provided an early lift to broader Asian and European equity markets. Investors are weighing contradictory shipping data against statements from military officials regarding crude flows through the Strait of Hormuz.
