Shares slip in Asia as oil jumps on Gulf attacks
Brent crude climbed 3.3 per cent in early trade to reach $78.50 a barrel, up from the recent trough of $70.14, while U.S. crude added 3.4 per cent to $73.83 a…
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Summary
Brent crude climbed 3.3 per cent in early trade to reach $78.50 a barrel, up from the recent trough of $70.14, while U.S. crude added 3.4 per cent to $73.83 a barrel. [O/R] U.S. officials said around 20 vessels had been escorted through the strait in the previous 24 hours, though ship tracking sites showed little traffic moving. The euro eased a fraction to US$1.1403 as Europe is far more reliant on foreign oil than the US. South Korean chipmaker SK Hynix’s US-listed shares jumped almost 14% in their Nasdaq debut on Friday.
Furthermore, Inflation figures for June on Tuesday could show some cooling in the headline rate of 4.2% as petrol prices decline, though some of that will reverse now that oil is rising anew. News that Apple had sued OpenAI and two former employees for trade secrets theft emerged after markets closed.
Cross-referenced from 3 sources.
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Brent crude climbed 3.3 per cent in early trade to reach $78.50 a barrel, up from the recent trough of $70.14, while U.S. crude added 3.4 per cent to $73.83 a barrel. [O/R] U.S. officials said around 20 vessels had been escorted through the strait in the previous 24 hours, though ship tracking sites showed little traffic moving.
reliability moderate2/2 sourcesThe euro eased a fraction to US$1.1403 as Europe is far more reliant on foreign oil than the US.
reliability moderate2/2 sourcesSouth Korean chipmaker SK Hynix’s US-listed shares jumped almost 14% in their Nasdaq debut on Friday.
reliability moderate2/2 sourcesInflation figures for June on Tuesday could show some cooling in the headline rate of 4.2% as petrol prices decline, though some of that will reverse now that oil is rising anew.
reliability moderate2/2 sourcesNews that Apple had sued OpenAI and two former employees for trade secrets theft emerged after markets closed.
reliability moderate2/2 sources
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