Surge in Oil Prices Amid Mid-East Tensions and Anticipated US Job Data

Reported 3 months ago

Hong Kong stocks led gains in Asia as the oil market halted a recent rally following a significant one-day increase. Investors are concerned about potential supply disruptions from escalating tensions in the Middle East, particularly regarding Israeli strikes on Iranian oil facilities. Meanwhile, the US awaits important job data that could influence interest rate expectations, with prevailing forecasts suggesting steady unemployment in September.

Source: YAHOO

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