Tuesday, July 16, 2024
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Oil prices rise with recovering global markets

SINGAPORE: Oil prices extended gains in Asia on Wednesday, tracking a recovery in equity markets as leaders look to temper fears over the effects of Britain´s shock EU exit, while traders bet on measures to negate any turmoil. Asian stocks and currencies have recovered this week after Friday´s global sell-off, as speculation swirls that authorities will inject fresh stimulus into financial markets. Seoul on Tuesday unveiled a $17 billion plan to support South Korea´s already fragile economy, while news emerged Wednesday that Japan´s leaders were holding talks on how toRead More