Asian stocks subdued, oil near five-month low on U.S. inventory build

Credit: Reuters- Published on June 13, 2019
Asian stocks stuttered on Thursday, dogged by the uncertainty over an intractable U.S.-China trade dispute, while oil prices flirted with five-month lows thanks to higher U.S. crude inventories and a bleaker demand outlook.

Credit: Wochit Business
Published on June 13, 2019 -  00:35
Oil Tanker Attack Leads To Price Surge
According to Reuters, oil prices are surging after hitting a five-month low. But gains made for crude oil futures were attributed to rising tension along the waterways in the Middle East. On June 13th, crude oil prices spiked over 4-percent after reports revealed that two tankers were attacked in the Gulf of Oman. The rising price for crude oil futures also gave a boost to publicly traded energy companies, including Exxon Mobil and Chevron, which rose over 1-percent each.

You are here

Recent related videos from verified sources

Asian stocks wobble on earnings woes, trade worries 00:33
Credit: Rumble - Published 4 days ago 

Asian Stocks Wobble On Earnings Woes, Trade Worries 00:34
Credit: Wochit - Published 5 days ago 

Tropical Storm Barry Approaches Louisiana - 3 Things to Know About Oil Prices 00:35
Credit: The Street - Published 1 week ago 

Here's What to Know on Fed's Powell's Two Days With Congress 01:43
Credit: The Street - Published 2 weeks ago 

Iranian boats 'harassed' British tanker: U.S. 01:04
Credit: Reuters - Politics - Published 2 weeks ago 

What to Listen For When Fed's Powell Testifies 01:19
Credit: The Street - Published 2 weeks ago 

Wall Street Dips After Strong Jobs Report 00:35
Credit: Wochit - Published 2 weeks ago 

Why the Weak ADP Jobs Numbers Were Good for Stocks 01:25
Credit: The Street - Published 3 weeks ago 

Here’s Why Retirement Investors Are Less Optimistic in 2019 01:37
Credit: The Street - Published 3 weeks ago 

Why Jim Cramer Isn't Recommending Foreign Stocks 00:46
Credit: The Street - Published 3 weeks ago 

Trade hopes lift S&P to record high 01:19
Credit: Reuters Studio - Published 3 weeks ago 

You might like