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Monday, March 2, 2026
HomeBusinessOil prices surge in Asia, stocks under pressure

Oil prices surge in Asia, stocks under pressure

SYDNEY, March 2 : Oil prices surged on Monday and investors stampeded to the safety of bonds and gold as military conflict in the Middle East looked set to last weeks, just as markets had been spooked by AI and banking fears. Brent jumped 9 per cent to $79.42 a barrel, while U.S. crude climbed 8.6 per cent t

Read full story on Channel Newsasia

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