Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
Oil Prices Decline After Middle East Tensions Surge
Oil prices fell in Asian trading on Monday, following a significant rally last week. Brent crude futures dropped 0.5% to $77.64 a barrel, and West Texas Intermediate (WTI) crude fell 0.5% to $73.32 by 00:49 GMT. This decline came after both contracts surged 8%-10% the previous week, primarily driven by heightened tensions in the Middle East and strong U.S. economic data.
Middle East Conflict Fuels Supply Concerns
The ongoing Israel-Hamas conflict has raised concerns over potential oil supply disruptions. Monday marked a year since renewed hostilities, with recent reports indicating Hezbollah's rocket attacks on Haifa, Israel’s third-largest city. In response, Israel struck targets in Lebanon and the Gaza Strip. There were also reports of possible escalations involving Iran's oil facilities, but analysts at ANZ downplayed the likelihood of major disruptions, citing sufficient market buffers from the Organization of the Petroleum Exporting Countries (OPEC).
OPEC's Production Policy & Market Dynamics
OPEC maintained its production levels during its recent meeting and reiterated plans to increase output from December. This stability aims to buffer potential supply disruptions from the Middle East.
Demand Signals & Market Focus
Oil markets are closely monitoring demand cues, particularly after China, the world’s largest crude importer, announced economic stimulus measures. Positive U.S. labor market data last week helped boost optimism over demand in the world's largest oil-consuming nation. However, the strong dollar has weighed on crude prices. Investors are now looking to Thursday’s U.S. Consumer Price Index (CPI) data for further economic insights.
Conclusion
While oil prices have dipped from profit-taking, ongoing geopolitical tensions, and economic indicators will continue to shape market trends.
