Oil prices nudged higher on Monday as heightened tensions in the Middle East following the overthrow of Syrian President Bashar al-Assad by rebels offset concerns over weak Chinese demand that was highlighted by Saudi Aramco (TADAWUL:2222)'s price cuts to Asian buyers.
Most Asian stocks fell on Friday ahead of key U.S. jobs data, mirroring overnight losses on Wall Street, while South Korean shares plunged amid an ongoing political crisis.
Oil prices edged lower on Friday, with weak demand in focus after the OPEC+ group postponed planned supply increases and extended deep output cuts to the end of 2026.
Major currencies remained jittery on Friday as markets considered the impact of a politically turbulent week that saw the collapse of France's government and the brief imposition of martial law in South Korea.
Asian stocks were under selling pressure from foreign investors for a second consecutive month in November amid worries over potential U.S. tariff hikes on regional exports under the incoming Donald Trump administration next year.
Oil prices were mostly stable on Thursday ahead of an OPEC+ meeting later in the day, with investors waiting to see what the producer group would do next on supply cuts while also monitoring geopolitical tension in the Middle East.