Oil prices: InvestingLive Asia-Pacific market news: AI rebound rolls on, oil slips

On the oil prices front, South Korea's KOSPI moved higher around 3.7% to roughly 5,200 by early afternoon, having traded as high as 5,300 earlier, according to investingLive. Japan's Nikkei 225 was up around 2.4% near 60,160, after touching nearly 60,780, while the broader Topix picked up around 1.7%.

Key points

• Samsung Electronics picked up over 4% and SK Hynix close to 6%.
• While imports soared 41.6%, China's October exports advanced 35.2% from a year earlier, beating forecasts as AI hardware demand held up.
• The rally held up even with a 4.2% overnight fall in Nvidia against a backdrop of controversy surrounding its chief executive.
• A strategist also noted traders' reluctance to push the Nikkei above 61,000.
• Advances were slim, with Hong Kong's Hang Seng up roughly 0.4% and Shanghai barely changed.

Inside the Oil prices story

Samsung Electronics picked up over 4% and SK Hynix close to 6%. The rally held up even with a 4.2% overnight fall in Nvidia against a backdrop of controversy surrounding its chief executive, which strategists in Tokyo described as a company-specific issue. A strategist also noted traders' reluctance to push the Nikkei above 61,000.

Elsewhere, advances were slim, with Hong Kong's Hang Seng up roughly 0.4% and Shanghai barely changed. Brent slipped around 0.8% to near $92 a barrel and WTI dropped around 1% to roughly $86.

While imports soared 41.6%, China's October exports advanced 35.2% from a year earlier, beating forecasts as AI hardware demand held up. More cautious members pointed to feeble consumption, an unease underlined by September household spending, which declined 6.8% from a year earlier against expectations for a 3.1% decline.

Why oil prices matters for traders

Oil prices affect inflation, company costs and the currencies of major producers and importers. Moves in crude often spill over into the Canadian dollar, Norwegian krone and energy stocks.

Supply decisions, inventory data and geopolitical risks can move crude quickly, and higher energy prices can complicate the job of central banks fighting inflation.

Market reaction and data

Crypto prices at the time of writing, from Binance spot data (2026-11-10 05:10 UTC):

On the currency side, the latest ECB daily reference rates (2026-11-09) show EUR/USD 1.1193, GBP/USD 1.3416, AUD/USD 0.6894, NZD/USD 0.5613, USD/JPY 157.95, USD/CHF 0.8187, USD/CAD 1.4103, USD/CNY 6.6728. These are reference fixes, not live quotes.

What to watch next for oil prices

Watch for OPEC+ supply decisions, weekly inventory reports, demand signals from major economies and any geopolitical developments in producing regions.

Key scheduled releases on the economic calendar:

• USD Core CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.2%, previous 0.3%
• USD CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.3%, previous 0.6%
• GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
• USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
• USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%

Follow every update in our Top 10 Forex News Today, read US CPI takes centre stage as markets look to unchanged the ship after the midterm selloff or see all of today's top market news.

FAQ

What is the latest oil prices news?

South Korea's KOSPI moved higher around 3.7% to roughly 5,200 by early afternoon, having traded as high as 5,300 earlier.

What drives oil prices?

Crude prices depend on supply from OPEC+ and other producers, global demand, inventory levels and geopolitical risk in key producing regions.

Where does this information come from?

This report is based on coverage from investingLive, checked against market data where available. It is a summary for information only and not investment advice.