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NEW YORK: Oil prices were up slightly in heavy, seesaw trading on Friday, giving back most earlier gains after news that major producers would consider additional supply a day after U.S. President Donald Trump again blasted the cartel.
THE US dollar weakened by 0.62% to close at 93.912, its seven-week low following the improvement in risk appetite in the global markets while Dow Jones and S&P500 closed 2.3% to 26,657 and 1.5% to 2,931.
KUALA LUMPUR: Bursa Malaysia saw third consecutive day of gains as it was lifted by a rally in global stocks following a change in sentiment over the current state of the world's economy.
OIL headed for a second weekly advance as investors seek clues on whether OPEC will replace Iranian output, while the US president pressures the group to lower prices.
KUALA LUMPUR: Bursa Malaysia extended its gains in a broad-based rally as confidence grew that countermeasures to cushion the impact of the trade war would offset the negatives.
SINGAPORE: Commodity bull Goldman Sachs Group Inc. says raw materials are poised to gain into the end of the year as investors have now become used to trade-war tensions, growth in major economies remains strong, and consumers who’d put off purchases in recent months start buying again.
TOKYO: Asian stocks extended gains on Friday after Wall Street's S&P 500 set a new all-time high, while the dollar slipped as investors viewed Beijing's and Washington's fresh exchange of import tariffs as less harmful than initially feared.
KUALA LUMPUR: Bursa Malaysia jumped in the early morning session as it seemed the global rally had picked up steam overnight.
SEOUL: Oil prices dipped on Friday after falling in the previous session as U.S. President Donald Trump urged OPEC to lower crude prices ahead of its meeting in Algeria this weekend.
This comes amid delayed Aramco listing