Oil Price Up More Than 1% In Early Asian Trade
Naija News • 3h ago
Oil prices were up more than one percent in early Asian trade on Thursday off the back of persistent worries about supplies because of the Middle East conflict.
At around 0030 GMT, West Texas Intermediate, having closed barely changed on Wednesday at $74.66 per barrel, was up 1.45 per cent at $75.74 per barrel after climbing almost two percent at the open.
Brent North Sea Crude, which ended the previous day flat at $81.40 per barrel, was not being traded.
But following days of market declines, Asian stocks rose in early trade Thursday.
South Korea’s benchmark Kospi rebounded more than 11 percent, after it plunged more than 12 per cent a day earlier, and Japan’s Nikkei index also lifted more than four percent, following an overnight rally on Wall Street.
“While we can sketch out any nu...