Oil prices rebounded in Asian trade Wednesday, taking their lead from strong performances in regional stock markets, analysts said.New York's main futures contract, light sweet crude for delivery in July, gained 78 cents to 69.53 dollars a barrel.Brent North Sea crude for July delivery advanced 31 cents to 69.86 dollars.Crude prices headed up as investors were heartened by strong performances by Asian bourses which rebounded Wednesday on bargain hunting after huge losses the previous session, analysts said.
NEW DELHI: Looking for quality stocks at attractive prices? Look no further. With the domestic market taking a bit knock from the Brexit verdict, some analysts say here is a good opportunity for retail investors to pick quality stocks, which have suddenly become available at a huge discount after the Black Friday carnage. Catch all the views, news and reaction on Britain's EU referendum here The Indian stock market saw a big crack along with major Asian markets and currencies after the UK voted to exit the European Union in a nationwide referendum.
Kuwait City (AFP) - Energy kingpin Saudi Arabia and other wealthy Gulf states are set to resist pressure to tighten the taps significantly to shore up oil prices as the global economy stumbles, analysts say.