Wednesday Outlook: Asia shares drop; oil rises to 7-year high

Wednesday Outlook: Asia shares drop; oil rises to 7-year high

Zawya brings you all the latest news and insights relevant to Middle East and global investors in equities, commodities and currencies. Asia shares drop as Treasury yields hit fresh highs Rate-sensitive tech stocks lead stock market decline Oil rises to 7-year high as Turkey outage adds to tight supply outlook Brent crude futures rose $1.44, or 1.7%, to $88.95 a barrel Leaping yields buttress dollar ahead of Fed meeting Dollar back above key supports on majors Gold flat near one-week low as U.S. rate hike looms Spot gold was little changed at $1,813.04 per ounce Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here . © ZAWYA 2022