Oil rises to near $67 in Asia as stocks rebound
BANGKOK — Oil prices rose to near $67 a barrel Tuesday in Asia as regional stock markets rebounded and investors awaited a slew of data on the US economy.
Benchmark crude for November deliver was up 2 cents at $66.86 by late morning Bangkok time in electronic trading on the New York Mercantile Exchange. The contract rose 82 cents Monday to settle at $66.84.
Regional stock markets, often a barometer of optimism about economic prospects, rebounded from a sharp fall Monday after corporate takeovers boosted Wall Street to a higher close.
Read full story at gmanews.tv
Related posts:
- Oil above $67 in Asia despite high inventories
- Palm Gains as Stocks Tumble
- U.S. Stocks Gain as Housing Data Overshadows Stimulus Concern
- Omeros stock sinks in market debut
- US newspaper stocks surge as their own news improves
