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Reuters
Asian shares rose yesterday despite another fall in oil prices overnight after Iran said it planned to increase exports once international sanctions are removed.
The price of US crude oil dropped more than 3% overnight, while Brent crude hovered near 11-year lows before stabilising. Japan's Nikkei 225 index erased earlier losses to close up 0.6% to 18,982.23.
Oil prices are expected to continue to weigh on energy shares in the region.
Iran intends to increase exports by 500,000 barrels per day once the economic sanctions are removed, according to reports.
Asian shares rose yesterday despite another fall in oil prices overnight after Iran said it planned to increase exports once international sanctions are removed.
The price of US crude oil dropped more than 3% overnight, while Brent crude hovered near 11-year lows before stabilising. Japan's Nikkei 225 index erased earlier losses to close up 0.6% to 18,982.23.
Oil prices are expected to continue to weigh on energy shares in the region.
Iran intends to increase exports by 500,000 barrels per day once the economic sanctions are removed, according to reports.
