Asian markets cautious as oil prices fluctuate
Asian markets showed caution as oil prices fluctuated due to tensions in the Gulf. Brent crude rose 0.8% to $104.01, while U.S. crude fell 0.2% to $98.48, impacting central bank policies this week.
after close1 source ↓written by the desknot a recommendation
- Brent crude increased
- 0.8%
- per barrel
- $104.01
- crude dipped
- 0.2%
- $98.48
Asian markets displayed caution on Monday amid rising tensions in the Gulf, which kept oil prices elevated. Brent crude increased 0.8% to $104.01 per barrel, while U.S. crude dipped 0.2% to $98.48. Central banks are expected to maintain a wait-and-see approach at upcoming policy meetings, complicating the inflation outlook.
Not investment advice. For informational purposes only.