Crude-oil futures rose in Asian trade Monday as the excessive drop in oil prices in recent weeks sparked some buying interest and short-covering among investors before the end of the year, traders said.
Monday 02.30 GMT. Stock markets in Asia-Pacific got off to a solid start, taking their cue from a strong final session on Wall Street last week.
Oil rose for a second day, extending the biggest rally since October 2012 after Saudi Arabia said it was confident that crude will rebound as world economic growth boosts demand.
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Haitong Securities, China's second-biggest securities company by assets, is to raise HK$29.9bn ($3.9bn) in a Hong Kong private placement, in a deal other Chinese brokerages are expected to imitate next year.