Oil Holds Gains, Asian Stocks Set for Muted Open: Markets Wrap

🇺🇸 Bloomberg (US) —

AI Summary

Oil prices maintained gains amid diminishing hopes for a deal to reopen the Strait of Hormuz, while Asian stock markets prepared for a subdued opening ahead of US inflation data releases. Market sentiment remains cautious.

Oil held onto a rally as hopes faded for a deal to reopen the Strait of Hormuz, while Asian stocks were set for a muted start ahead of key US inflation reports.

Markets Commodities Energy oil prices Asian stocks Strait of Hormuz market outlook inflation energy market stock market

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