Stocks in Asia are set to follow Wall Street higher after the S&P 500 closed above a key technical level and the reversal of the UK’s vast fiscal stimulus bolstered global sentiment.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.