BANGKOK – Shares advanced Monday in Asia, buoyed by surprisingly strong U.S. jobs figures that helped power a surge on Wall Street on Friday.
Crude oil prices rose after major oil producing nations agreed to extend a production cut of nearly 10 million barrels of oil a day through the end of July to counter the blow to demand from the coronavirus pandemic.
U.S. crude for July delivery added 27 cents to $39.82 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, the international standard, gained 54 cents to $42.84 per barrel.