Stock market today: Asian shares slip after Wall Street ends its best month of '23 with big gains
Asian shares have slipped after Wall Street closed out its best month of the year with big gains in November
By ZIMO ZHONG
Published - Dec 01, 2023, 02:06 AM ET
Last Updated - Dec 21, 2023, 12:03 PM EST
HONG KONG (AP) — Asian shares declined on Friday even after Wall Street closed out its best month of the year with big gains in November.
U.S. futures rose while oil prices continued to drop despite the latest extension of OPEC’s production cuts. Even with continued cuts to output, other producers such as the U.S. are expected to be able to make up the difference, relieving pressure on prices.
U.S. benchmark crude oil was down 10 cents at $75.86 a barrel in electronic trading on the New York Mercantile Exchange. It lost $1.90 on Thursday to $75.96 a barrel.
Brent crude, the international standard, dropped 22 cents to $80.64 a barrel.
