- Brent crude rose about 1% as trading resumed after US and Iran exchanged strikes.
- Asian stocks were positioned for a higher open as oil prices, Strait of Hormuz risk and Fed rate expectations shaped trading.
- The US national average gasoline price reached nearly $4.15 a gallon.
Quotes
“Brent crude, the global benchmark for oil, was up about 1 percent as trading resumed on Sunday, while the national average price of gas was nearly $4.15 a gallon.”