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Finance & Markets

Singapore Stock Market May Crack Resistance At 5,700 Points

(RTTNews) - The Singapore stock market on Monday snapped the four-day losing streak in which it had slumped almost 100 points or 1.8 percent. The Straits Times Index now sits just above the 5,660-point plateau and it's expected to open to the upside again on Tuesday.

We haven't written up this one. Nasdaq Markets has the full story — the link below goes straight to it.

Read the original at nasdaq.com →

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Standard Chartered Says Hormuz Oil Flows Are Far From Normal

Oil flows through the Middle East have staged an impressive rebound, with export volumes recovering to near pre-war levels even as traffic through the Strait of Hormuz remains well below normal.

  • Oil exports from Middle East near pre-war levels at 16.5 million barrels/day in September
  • Only 60% of barrels passed through Hormuz strait, down from 83% pre-war
  • Complex workarounds like ship-to-ship transfers increase costs and voyage times

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