Oil edged higher after dropping the most in eight weeks on technical resistance and speculation Saudi Arabia will start restoring output if prices get too high.
Stocks rose in Asia on the last trading day of the quarter amid optimism over spending during China’s Golden Week holiday and on talks of a possible meeting between US and China leaders. Treasuries and the dollar declined.
Vietnam’s economy accelerated for a second straight quarter on the back of stronger performances by its key growth drivers — manufacturing and exports.
Oil buyers across the planet are facing some of the highest premiums for supplies they’ve seen in months — or longer — as dwindling stockpiles at the largest US storage hub reverberate through markets from Asia to the Middle East to Europe.
A missed payment on a China Evergrande Group unit’s yuan bond is raising questions about the usefulness of recent debt extensions granted by Chinese investors.
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