Asia shares mostly lower as investors mull likely rate hike
ABC News
Asian shares are mostly lower while oil prices surged following an attack on an oil facility in the capital of the United Arab Emirates
TOKYO -- Asian shares were mostly lower Tuesday following a national holiday in the U.S, while oil prices surged following an attack on an oil facility in the capital of the United Arab Emirates that killed at least three people.
Benchmark U.S. crude rose $1.53, or 1.8%, to $85.35 a barrel in electronic trading on the New York Mercantile Exchange. It gained $1.70 to $83.82 per barrel on Monday.
Brent crude, the basis for pricing international oil, added $1.20 to $87.68 a barrel.
Satellite photos obtained by The Associated Press on Tuesday appeared to show the aftermath of the attack, which was claimed by Yemen’s Houthi rebels.
