Oil rose on Friday, holding firm above $75 a barrel as traders bet that fears of tight summer supplies would offset a fresh wave of risk aversion that struck U.S. equities and dragged oil down a day ago.

Oil prices continued lower in Asian trade on profit-taking and an improved outlook for energy supplies, while dealers said that the market would be looking ahead to the weekly report on US stockpiles due on Wednesday.

Oil prices continued falling Tuesday amid worries that crude prices have risen too high in recent weeks and speculations over OPEC comments that may signal a less bullish position on production and supplies.

Singapore's stocks rose, helping the Straits Times Index to its biggest gain in two weeks. Keppel Corp. led advances among oil-services companies after crude prices reached an 11-month high of $76 a barrel.

Pakistan and India have agreed on a formula for the price of natural gas to be pumped through a pipeline that will link the three countries, India’s Asian Age daily said.

U.S. crude futures gained higher on Monday, extending the more than 2 percent gains in the previous session that were spurred by a surge in Brent crude.

The Russian gas monopoly Gazprom plans to become the world’s first company with a stock-market value of a trillion dollars.

Oil prices were little changed below $73 a barrel on Wednesday, July 4th, hovering near their highest in 10 months amid expectations of strong summer gasoline demand and continued low inventory levels in the world's top consumer.

Crude oil futures climbed above $70 on Friday, June 30th, with concerns over the availability of summer supplies and rising global political tensions helping oil position itself to finish the quarter with a gain of around two per cent.

Japanese stocks advanced for a third day, led by trading companies such as Mitsui & Co., after the price of oil climbed to a 10-month high and a brokerage gave the company its most bullish recommendation.

Oil prices edged higher in Asian trading Thursday following a U.S. government report that showed an unexpected fall in gasoline stocks amid peak summer driving season demand.

Oil prices edged lower in Asian trade Friday, June 22nd, as players assessed whether a strike in key African crude oil producer Nigeria would affect supplies, dealers said.