Brent crude climbed 1.4 per cent to US$89.30 a barrel on Aug 31. Read more at straitstimes.com. Read more at straitstimes.com.

Asian stocks rise ahead of US Fed chief Warsh's speech, as investors seek clues on interest rates amid inflation and Middle East tensions. Read more at straitstimes.com. Read more…

Oil prices were headed for weekly losses as Iran and Oman had agreed on administering traffic in the Strait of Hormuz and sharing revenues.