Oil prices dipped in Asian trade on Tuesday as oversupply concerns outweighed uncertainty over the impact of U.S. sanctions on Russian oil majors Rosneft and Lukoil and optimism over progress toward reopening the U.S. government.
The U.S. Senate on Monday approved a compromise that would end the longest government shutdown in U.S. history, breaking a weeks-long stalemate that has disrupted food benefits for millions, left hundreds of thousands of federal workers unpaid and snarled air traffic.
Asian stocks were a mixed bag on Tuesday, with Japan and South Korea extending gains as a rebound in technology shares persisted, while China continued to lag on concerns over sluggish growth.
India's retail vehicle sales should remain strong through the rest of 2025, an auto dealers' body said on Friday, as tax cuts and strong rural demand boosted retail sales to a record high in October.
China has granted exemptions to export controls on Nexperia chips for civilian applications, the commerce ministry said on Sunday in a move that will help to relieve supply shortages for carmakers and automotive suppliers.
Chinese consumer price index inflation picked up in October on some support from the Golden Week holiday, while producer inflation shrank slightly less than expected.