Asia stocks edge higher, oil up amid Gulf confusion
AI Summary
Asian stock markets edged higher amid oil price increases influenced by ongoing uncertainty in the Gulf region. Brent crude and US crude prices rose due to tight shipping conditions in a vital waterway.
Brent crude added 0.9 per cent to US$84.32 a barrel as shipping through the vital waterway remained at a trickle, while US crude rose 0.7 per cent to US$78.74 a barrel.
World Markets Commodities Energy Shipping Asian markets oil prices Brent crude US crude Gulf region shipping disruption