Asian shares mostly lower, oil near one-year high on output cut plan

Asian shares mostly lower, oil near one-year high on output cut plan
 

Asian shares were mostly lower on Tuesday, while oil prices hovered near one-year highs on growing expectations of an output cut by OPEC producers.
European markets also look set for a lacklustre start, with financial spreadbetters predicting FTSE 100 will open 0.3 percent lower, Germany's DAX will begin the day down 0.1 percent and France's CAC 40 will be flat at the open.
Brent crude slipped 0.2 percent to $53.05 a barrel after surging as much as 3 percent on Monday. U.S. crude futures dipped a similar amount to $51.26, after jumping to a four-month high in the previous session.
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11 October 2016 in World News, Views: 31
Source: Reuters
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