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| Version 2 | Version 3 |
|---|---|
| Oil price revival rallies Asian markets | Oil price revival rallies Asian markets |
| (about 3 hours later) | |
| Asian stock markets rallied on Tuesday after oil prices hit a six-month high following signs the global supply glut is easing. | Asian stock markets rallied on Tuesday after oil prices hit a six-month high following 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. |
| Japan's benchmark Nikkei 225 closed 1.1% higher at 16,652.80. | Japan's benchmark Nikkei 225 closed 1.1% higher at 16,652.80. |
| In Australia, the commodities-heavy benchmark S&P ASX 200 index rose 0.7% to end at 5,395.90, led by gains in energy-related shares. | In Australia, the commodities-heavy benchmark S&P ASX 200 index rose 0.7% to end at 5,395.90, led by gains in energy-related shares. |
| In South Korea, the Kospi index swung between gains and losses before closing flat at 1,968.06. | In South Korea, the Kospi index swung between gains and losses before closing flat at 1,968.06. |
| In China, the Shanghai Composite index fell 0.3% to 2,843.68 while Hong Kong's Hang Seng finished the day up 1.2% at 20,118.80. |