Market News

    Oil skids on concerns of rising surplus in Q1

    SINGAPORE, Nov 26 (Reuters) - Oil prices slid more than 1% on Friday on concerns that a global supply surplus could swell in the first quarter following a coordinated release of crude reserves among major consumers, led by the United States.

    Asian shares inch lower as dollar marches on

    HONG KONG, Nov 25 (Reuters) - Asian shares wobbled lower on Thursday, hurt by the U.S. dollar which continued to march higher as investors bet on interest rates rising more quickly in the United States than in other major economies such as Japan and the euro zone.