China is continuing to build up crude oil stockpiles as it refines substantially less than what it has available from imports and domestic production.

Sectorally, the mood was subdued across the board, with Pharma, Metal, Manufacturing, Consumer Durables, Oil & Gas, Media, PSU Bank, Realty, PSE, and Auto sectors all slipping over 1%. The IT sector remained the only bright spot, buoyed by a stronger U.S. dollar and optimism ahead of the Fed’s decision.

As tensions escalate between Israel and Iran, North Texas energy experts are closely monitoring the impact on global oil markets — and warning that rising prices at the pump may not be far behind.

Blasts have been heard in Tehran and sirens have sounded in Israel as US president convenes National Security Council.

Asian Markets stared the trading week on a optimistic note with most of the indices closing in green amid geopolitical tensions.

Asia stock markets were little changed on Monday, following Friday’s sharp sell-off on Wall Street amid escalating Middle East tensions and global economic concerns. Investors digested a batch of mixed Chinese economic data.