SINGAPORE (Reuters) - Oil prices rose on Monday, pushing Brent back above $50 a barrel, buoyed by hopes that a rollout of coronavirus vaccines will lift global fuel demand while a tanker explosion in Saudi Arabia jangled nerves in the market.
China, the world’s largest auto market, had witnessed a double-digit growth in the sales of SUVs, sedans and minivans last month as the world’s second-largest economy had been recovering from a pandemic-induced slump experienced earlier this year, though the yearly sales figure had still been hovering below pre-pandemic levels, the China Association of Automobile Manufacturer said in a report earlier on Friday.
Average price of Standard Malaysia Rubber (SMR) 20 highest in October 2020
TOKYO (Reuters) - Oil rose on Friday, extending a sharp rally overnight that saw Brent rise above $50 for the first time since March, as coronavirus vaccination rollouts kept hopes alive that demand for crude would build up next year.
SHANGHAI, Dec 11 (Reuters) - China’s benchmark share index is poised to post its biggest weekly loss in five months, as a flare-up in Sino-U.S. tensions and worries about policy tightening dented risk appetite. ** Hong Kong stocks tracked Asian markets higher as progress in COVID-19 vaccines boosted investor sentiment.
TOKYO (Reuters) - Asian shares bounced back on Friday as progress on COVID-19 vaccines boosted investor sentiment, but tricky Brexit negotiations and U.S. stimulus talks capped gains in riskier assets.