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	<div class="breadcrumbs"><a href="https://youngmindsonline.org">Home</a> <span class="sep"> / </span> <a href="https://youngmindsonline.org/category/business-innovation/">Business &amp; Innovation</a> <span class="sep"> / </span> <span class="current">Oil prices extend gains in Asian trade</span></div>			 <article id="post-4296" class="post-4296 post type-post status-publish format-standard has-post-thumbnail hentry category-business-innovation">
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                    <h1 class="entry-title">Oil prices extend gains in Asian trade</h1>
                                                <aside id="meta-4296" class="entry-meta"><span class="posted-on">Posted on </span><a href="https://youngmindsonline.org/2015/10/12/oil-prices-extend-gains-asian-trade/" title="11:19 AM"><time class="entry-date" datetime="2015-10-12T11:19:15+05:30">October 12, 2015</time></a><span class="by-author"> by </span><span class="author vcard"><a class="url fn n" href="https://youngmindsonline.org/author/admin/" title="View all posts by admin" rel="author">admin</a></span><span class="posted-in"> in </span><a href="https://youngmindsonline.org/category/business-innovation/" rel="tag">Business &amp; Innovation</a> 				<span class="with-comments"> with </span>
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                        <img width="600" height="332" src="https://youngmindsonline.org/wp-content/uploads/2015/10/Oil-in-Asia.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="Oil prices have climbed in Asia boosted by a weaker dollar and expectations a rise in demand will ease a global supply glut, while investors await the release of key Chinese economic data this week. Both main crude contracts have rallied since hitting six-year lows in late August, with last week seeing healthy rallies in line with global equities on easing expectations the US Federal Reserve will hike borrowing costs this year, pushing the dollar lower. A softer dollar makes dollar-priced oil cheaper, spurring demand." loading="lazy" srcset="https://youngmindsonline.org/wp-content/uploads/2015/10/Oil-in-Asia.jpg 600w, https://youngmindsonline.org/wp-content/uploads/2015/10/Oil-in-Asia-300x166.jpg 300w, https://youngmindsonline.org/wp-content/uploads/2015/10/Oil-in-Asia-370x205.jpg 370w" sizes="(max-width: 600px) 100vw, 600px" />                </header>
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					<p>Oil prices have climbed in Asia  boosted by a weaker dollar and expectations a rise in demand will ease a global supply glut, while investors await the release of key Chinese economic data this week. Both main crude contracts have rallied since hitting six-year lows in late August, with last week seeing healthy rallies in line with global equities on easing expectations the US Federal Reserve will hike borrowing costs this year, pushing the dollar lower. A softer dollar makes dollar-priced oil cheaper, spurring demand.</p>
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