Oil rose sharply in early Monday trading in Asia following a report that full repairs to Saudi oil fields hit by a drone attack earlier this month may take many months.
Brent crude rose 1.1% after surging 6.7% last week, its largest weekly gain since January. Saudi Aramco on Saturday reaffirmed its commitment to bringing 5.7 million barrels a day of lost output back by the end of the month, however, a Wall Street Journal report Sunday quoted a Saudi official saying...
Gold prices fail to portray the recent risk-aversion wave as they remain below near-term resistance-line while taking rounds to $1,513 on early Monday.
Renewed geopolitical tension between Saudi Arabia and Yemen has been a major driving force for markets™ immediate risk sentiment off-late. Following a threat from Houthi rebels, Saudi Arabia has also flashed signals of war if an attack takes place whereas the US deployed additional forces in the Middle East as a measure being œdefensive in...
Hong Kong stocks started Monday with small gains on hopes for progress in trade talks between China and the US.
The Hang Seng Index rose 0.11 percent, or 27.95 points, to 26,463.62.
The benchmark Shanghai Composite Index eased 0.27 percent, or 8.05 points, to 2,998.40 and the Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.31 percent, or 5.25 points, to 1,670.10.
Source : AFP
Secretary of State Mike Pompeo says the U.S. is working to find a diplomatic outcome to tensions with Iran, which has been blamed for an attack on Saudi oil facilities, but he warned if diplomacy fails President Donald Trump "will make necessary decisions to achieve our objectives."
Pompeo told the ABC News that the recent Trump administration decision to send additional U.S. military forces and air defense equipment to Saudi Arabia will "improve the capabilities" and "will make it more...