Showing posts with label global supply glut. Show all posts
Showing posts with label global supply glut. Show all posts

Tuesday, December 29, 2015

Business: Asian markets subdued by falling oil prices

The price of US crude oil dropped more than 3% overnight, while Brent crude was back near 11-year lows on reports that Iran plans to increase exports once sanctions are removed, which would add to the global supply glut.
Lower energy shares across Asia weighed on benchmark indexes. 

Japanese shares
Japan's Nikkei 225 index was down 0.1% to 18,850.17 in morning trade.

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