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Asian shares near five-and-a-half-month highs as oil prices rise
[Reuters] - Asian shares hovered close to 5-1/2-month highs on Thursday as oil prices showed surprising resilience partly on hopes that oil producers may eventually agree on a measure to ease a global glut. Wall Street shares ended less than 2 percent short of a record-high close on Wednesday as a rebound in oil prices added to optimism sparked by a raft of earnings reports. Oil prices held near five-month high hit on Wednesday, when they rose 4 percent after a smaller-than-expected build in U.S. crude inventories offset supply-glut worries stirred by the end of a Kuwaiti strike.
Asian shares near five-and-a-half-month highs as oil prices rise - Yahoo Finance
[Reuters] - Asian shares hovered close to 5-1/2-month highs on Thursday as oil prices showed surprising resilience partly on hopes that oil producers may eventually agree on a measure to ease a global glut. Wall Street shares ended less than 2 percent short of a record-high close on Wednesday as a rebound in oil prices added to optimism sparked by a raft of earnings reports. Oil prices held near five-month high hit on Wednesday, when they rose 4 percent after a smaller-than-expected build in U.S. crude inventories offset supply-glut worries stirred by the end of a Kuwaiti strike.
Asian shares near five-and-a-half-month highs as oil prices rise - Yahoo Finance
