Oil Market Update

Crude-oil futures ended nearly 3% higher on Monday and briefly topped $50 a barrel, pushing back against earlier losses that stemmed from strikes at U.S. refineries and sluggish manufacturing data from China.

Light, sweet crude futures for March delivery CLH5, +0.61%  added $1.33, or 2.8%, to settle at $49.57 a barrel on the New York Mercantile Exchange.

Brent crude for March delivery LCOH5, +0.68%  rose $1.76, or 3.3%, to finish at $54.75 a barrel on London’s ICE Futures Exchange. That was Brent’s highest settlement since Jan. 2.

Current Market Update

Tokyo (Nikkei Average NIK, -1.19% ) down 0.5% 
Hong Kong (Hang Seng Index HSI, -0.36% ) down 0.3% 
Shanghai (Shanghai Composite Index SHCOMP, +0.49% ) up 0.4% (at break)
Sydney (S&P/ASX 200 XJO, +1.51% ) up 1.2% 
Seoul (Kospi SEU, -0.15% ) down 0.1% 
Mumbai (Sensex 1, -0.05% ) up 0.3% 
Taipei (Taiex Y9999, +0.61% ) up 0.7%

SGX Singapore Opening Market Update

SINGAPORE share prices opened lower on Tuesday with the Straits Times Index down 7.01 points to 3,416.34.

Volume was 45.0 million shares worth S$106.1 million.

Gainers outnumbered losers 78 to 69.