Asian oil prices

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Find us on:.Other versions of this item: Cunado, J.Supply ramp-up from new global projects will taper off in and therefore the correlation between the two will likely weaken from then.Heavier, sour crude oils lacking in tidewater access—such as Western Canadian Select—are less expensive than lighter, sweeter oil —such as WTI.Asia markets traded mixed on Tuesday as investor sentiment turned cautious over rising energy prices and heightened geopolitical tensions.Sign up for free newsletters and get more CNBC delivered to your inbox.

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Japanese markets were closed for a holiday.

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Find us on:.The dramatic rally, which follows news that Saudi Arabia's oil production is expected to be well below maximum capacity for weeks, has set oil on course for one of its biggest one-day gains and will raise fears that traders are spooked by the extent of the outage.This content was produced by the advertising department of the Financial Times, in collaboration with.

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