Southeast Asia stocks gain as crude rebounds

  • WRITER: REUTERS

Most Southeast Asian markets ended higher on Thursday as a recovery in crude oil prices after a deep cut overnight helped revive sentiment ahead of the European Central Bank minutes.

Brent oil was up 1.5% at US$48.5 a barrel, recovering 1% of the 4% it lost in the previous session, while broader Asian markets were down after the US Federal Reserve gave mixed signals on Wednesday.

The minutes of the Fed's June policy meeting showed that several officials were divided on their outlook for inflation.

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