Asian Stocks Subdued, Oil Near 5-Month Low On US Inventory Build - Dollar Advisory & Financial Services

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Thursday 13 June 2019

Asian Stocks Subdued, Oil Near 5-Month Low On US Inventory Build

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. 
On Wall Street, the S&P 500 lost 0.20% on Wednesday. A bigger mover overnight was oil, which tumbled 4% to their lowest settlements in nearly five months, pressured by another unexpected rise in U.S. crude stockpiles and by a dimming outlook for global oil demand.
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