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| Version 0 | Version 1 |
|---|---|
| Oil price revival rallies Asian markets | Oil price revival rallies Asian markets |
| (about 2 hours later) | |
| Asian stock markets are rallying on Tuesday after oil prices hit a six-month high on signs the global supply glut is easing. | Asian stock markets are rallying on Tuesday after oil prices hit a six-month high on signs the global supply glut is easing. |
| Brent crude, the international benchmark, is trading close to $50 per barrel while West Texas Intermediate (WTI), the US benchmark, is around $48. | Brent crude, the international benchmark, is trading close to $50 per barrel while West Texas Intermediate (WTI), the US benchmark, is around $48. |
| Oil prices have gained more than 80% since hitting a 12-year-low earlier this year. | Oil prices have gained more than 80% since hitting a 12-year-low earlier this year. |
| Both Japan's benchmark Nikkei 225 and the broader Topix are up about 0.7%. | Both Japan's benchmark Nikkei 225 and the broader Topix are up about 0.7%. |
| In Australia, the commodities-heavy benchmark S&P ASX 200 index rose 0.3%, led by gains in energy-related shares. | In Australia, the commodities-heavy benchmark S&P ASX 200 index rose 0.3%, led by gains in energy-related shares. |
| Over in South Korea the Kospi swung between gains and losses. | Over in South Korea the Kospi swung between gains and losses. |
| In Greater China markets, both the Shanghai Composite and Hong Kong's Hang Seng are lower about 0.1%. |