Asian shares wobbled on Tuesday as crude oil prices slid on rekindled oversupply fears and after downbeat manufacturing data raised concerns about global momentum, Reuters reported. Oil prices declined more than 2% on Monday (Feb 1), hence causing downward pressure on markets. Nymex’s crude oil fell 0.8% to US$31.37 per barrel in Asian trading this morning. Weak economic data from China, a U.S. forecast for mild weather and doubts suppliers would be able to agree on steps to address the global oil supply glut, Reuters reported.To subscribe please click here
