SE Asia Stocks-Gain on oil price rally; Indonesia up for 3rd session



By Suhail Hassan Bhat Sept 29 Southeast Asian stock markets advanced on Thursday, tracking Asian shares, with Indonesia posting a third straight session of gains, as a rally in oil prices boosted energy stocks across the region. Oil futures extended gains after rising nearly 6 percent on Wednesday, as OPEC members agreed to limit production to a range of 32.5 million barrels to 33 million barrels per day during talks held on the sidelines of an energy conference. "It remains to be seen whether such a cut is followed by all members and whether Russia would follow with a cut of its... read more

 
29 September 2016 in World News, Views: 34
Source: Reuters
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