Asian Market Update : Epic Research Malaysia

Asian share markets advanced on Monday after a lacklustre start, defying a dive on Wall Street, and the price of Brent crude threatened to plumb lows last seen in 2004 on renewed worries over a global oil glut.

Brent crude prices, which touched a seven-year low of US$36.32 overnight, were trading at US$36.47 at 0245 GMT as production around the world remained at or near record highs, and a strong dollar following last week's US rate increases weighed on demand.

A break of US$36.20 would take it to ground last trod in 2004. US crude lost 25 cents to US$34.48 a barrel, close to Friday's 2015 lows.

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