Asian Stocks Rise as Oil Climbs Amid Gulf Uncertainty
Asian markets trended upward on Monday, tracking Wall Street higher as a cooling U.S. labor market reduced immediate pressure for higher interest rates. While equities gained, Brent crude rose 0.9% to $84.32 a barrel and U.S. crude climbed 0.7% to $78.74, driven by ongoing geopolitical uncertainty in the Strait of Hormuz, according to Reuters. U.S. … Read more