Tag: US crude

Energy stocks jump in Asia as oil passes $50 a barrel

  HONG KONG, China (AFP) — Energy stocks jumped in Asia Thursday after oil surged past $50 a barrel for the first time this year, providing a bright point as regional bourses generally took a breather. Oil prices, which have been edging towards the psychological barrier as global supply disruptions mount, were buoyed by data showing a fall in US crude inventories that put another dent in a stubborn glut. Canada’s central bank also announced that […]