📱 Oil Prices Falls to $105 And Asian Shares
Published by OOPSONLINE.IN · Source: The Atlanta Journal-Constitution · 1 min read · · Updated
What actually happened
Asian shares are declining while tracking Wall Street losses. Oil prices have fallen after gaining earlier in the day, with Brent crude trading at around $105 a barrel. They had risen past $108 a barrel on Thursday in its highest level since May, as tensions intensified between the U.S. and Iran. Oil flow remains limited through the Strait of Hormuz, a key waterway for global oil transport. Markets in Japan, South Korea and Hong Kong were trading lower Friday. U.S. futures edged higher. On Thursday, Wall Street's benchmark S&P 500 dropped 0.6% in its fourth straight loss. The Dow Jones Industr
Key points
- Asian shares are declining while tracking Wall Street losses.
- Oil prices have fallen after gaining earlier in the day, with Brent crude trading at around $105 a barrel.
- They had risen past $108 a barrel on Thursday in its highest level since May, as tensions intensified between the U.
- Oil flow remains limited through the Strait of Hormuz, a key waterway for global oil transport.
Summary based on data provided by The Atlanta Journal-Constitution. Full article available at the original publisher.
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