Oil prices extended on gains albeit in a choppy fashion amid reports of ships targeted in Bab al-Mandab and Gulf of Oman.

Asian share markets followed Wall Street higher after a soft US jobs report. Oil prices increased slightly due to stalled Gulf peace talks and shipping lane concerns. Investors…

(Bloomberg) -- Oil held onto a rally as hopes faded for a deal to reopen the Strait of Hormuz, while Asian stocks were set for a muted start ahead of key US inflation reports.