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Postby Xiaoyeshi » Thu Nov 22, 2018 8:48 pm

SINGAPORE Brian Gibbons Womens Jersey , March 26 (Xinhua) -- Singapore shares closed 0.37 percent higher on Thursday, as tension in Yemen boosted oil- related counters and weak U.S. data raised hopes that the United States may delay a rate hike.

Oil-related stocks in Singapore jumped after Saudi Arabia and fellow Gulf Cooperation Council (GCC) member states launched air strikes in Yemen against Houthi fighters.

OCBC Investment Research said "while shipping routes to Asia may not be immediately affected, shipping lanes to Europe could be- - Arab producers have to pass Yemen's coastlines via the Gulf of Aden to get to Europe." The research house added that although Yemen is not a big supplier of oil, there could be global impact as it is located in an important part in the Middle East.
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