Thursday, 24 December 2015

Asian shares rise in early trade Thursday, oil rebounds

Asian shares were higher in early Asian trade on Thursday, heartened by gains on Wall Street and a recovery in crude oil prices in thin trading ahead of this week's Christmas holiday.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.4 percent, after Wall Street logged its third straight session of gains.

U.S. crude futures <CLc1> were up 0.9 percent at $37.83 a barrel. Both U.S. crude and Brent crude futures <LCOc1> added more than a dollar a barrel on Wednesday in thin trading, a day after Brent had touched its lowest level since July 2004.

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