Oil prices stay above $108 and Asian shares decline, tracking Wall Street losses

Read the original at ABC News (US) ↗
Cite

writer, C. H. H. A. b. (2026, September 11). Oil prices stay above $108 and Asian shares decline, tracking Wall Street losses. ABC News (US). https://abcnews.com/Business/wireStory/oil-prices-stay-108-asian-shares-decline-tracking-136357240

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

ABC News (US) · collected 2026-09-11 · by CHAN HO-HIM AP business writer

Quick Summary

Asian shares declined on Friday, tracking Wall Street losses, with Japan's Nikkei 225 dropping 2.8% and South Korea's Kospi losing 2.3%. Oil prices continued to rise, reaching a high of $108.59 per barrel for Brent crude, up from around $72 in late February. The US producer price index report showed a 5.4% year-on-year increase in August, accelerating from July's 4.8%. Market volatility is also being fueled by higher energy prices and inflationary pressures, with the yield on the 10-year Treasury rising to 4.96% early Friday.
Written locally by qwen2.5:14b on 2026-09-11, using this article's own text rather than the other coverage of the same event (that is the story summary below).

AI analysis runs on qwen2.5:14b, locally

Story summary

Oil prices have remained above $108 per barrel, with Brent crude trading at its highest since May. This comes as Asian shares declined on Friday, tracking losses on Wall Street. The decline in shares was significant, with Japan's Nikkei 225 dropping 2.8% to 63,442.30 and South Korea's Kospi losing 2.3% to 6,872.39. Meanwhile, oil prices continued to gain early Friday as tensions between the US and Iran intensified, with Brent crude up by 0.9% at $108.59 per barrel, a level not seen since late February before the start of the war. Overall, the market is showing signs of uncertainty and volatility, with investors reacting to global events such as the ongoing conflict in the Middle East.

Written for “Global Financial Market Volatility” on 2026-10-27, grounded in this article and the 0 other(s) covering the same event.

Story

📰 Global Financial Market Volatility
Economy/Business · 1 article(s) covering the same event.

Compared with similar articles

This article reads unscored and hedges 4% of its claims. Each row says how that neighbour differs.
Dawn
⚖️ leaning not scored 🔴 20% hedged 3 of 15 📰 publisher trust 72
“The articles describe oil prices on different dates and in different contexts, indicating separate events.”
ABC News (US)
⚖️ leaning not scored 🔴 0% hedged 0 of 1 📰 publisher trust 70
“The articles describe different events occurring on different dates with distinct causes for oil price movements.”
The Hindu
⚖️ leaning not scored 🔴 33% hedged 4 of 12 📰 publisher trust 60
“The articles describe different time periods and market conditions; one covers Asian shares decline on September 11, while the other discusses oil price increases due to Saudi attacks on September 14.”
The Hindu
⚖️ Leans right 🔴 29% hedged 2 of 7 📰 publisher trust 60
“The two articles mention different oil prices and dates, indicating they are reporting on distinct events.”
The Independent
⚖️ leaning not scored 🔴 33% hedged 5 of 15 📰 publisher trust 59
“Article A discusses a potential surge in oil prices due to attacks on Hormuz, while Article B reports on current oil prices and market trends without mentioning the specific threat to Hormuz”
CBS News
⚖️ leaning not scored 🔴 11% hedged 13 of 121 📰 publisher trust 66
“Article A discusses the price of oil and Iran's plans, while Article B reports on the current market situation with prices above $108 and Asian shares declining”
BBC News
⚖️ Leans right 🔴 7% hedged 2 of 29 📰 publisher trust 69
“Article A describes a specific attack by the US on Iranian tankers, which led to oil price increase, while Article B discusses general Wall Street losses and Asian shares decline without mentioning any recent conflict or attack”
ABC News (US)
⚖️ leaning not scored 🔴 0% hedged 0 of 7 📰 publisher trust 70
“Article A describes an incident where US forces destroyed five oil tankers, but Article B does not mention this incident and instead mentions a general rise in oil prices”
Dawn
⚖️ leaning not scored 🔴 8% hedged 1 of 13 📰 publisher trust 72
“Article B mentions a different price for Brent crude ($108) and does not explicitly mention the Middle East conflict as in Article A, suggesting two separate events or at least updates to the same type of event.”
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
23
sentences that state something as happening or true
Uncertain
4%
1 of 23 hedged ("reportedly", "may", "according to")
Leaning
not political
takes no side on a contested political question
Publisher signals
70/100
ABC News (US)'s corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-09-11 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

ABC News (US) · 1147 article(s) · 3 correction(s) detected
Running correction rate · 3 correction(s)

Who wrote this

CHAN HO-HIM AP business writer
2 article(s) here · 1 carrying a prediction
🔮 Asian shares declined Friday tracking Wall Street losses, while oil prices gained with Brent crude trading above $108 a barrel in its highest since May.
Also by CHAN HO-HIM AP business writer
Nothing else under this byline is closely related to this article, so these are simply their most recent.

Topics

Asian Brent HONG KONG -- Japan U.S.

Subjects

U.S. GPE · 7× Asian NORP · 3× HONG KONG -- GPE · 1× Hong Kong’s GPE · 1× Japan GPE · 1× OpenAI ORG · 1× SK Hynix ORG · 1× Samsung Electronics ORG · 1× SoftBank Group ORG · 1× South Korea’s GPE · 1×

Narrative

Oil flowing through the Strait of Hormuz, a narrow waterway critical for global oil transport, remained “well below pre-war levels,” wrote ING commodities strategists Warren Patterson and Ewa Manthey in a commentary Friday.
framing: assertive · carried by 1 article(s) · first seen 2026-09-11
🔮 Asian shares declined Friday tracking Wall Street losses, while oil prices gained with Brent crude trading above $108 a barrel in its highest since May.

Claims (23 extracted, 1 hedged)

Oil prices stay above $108 and Asian shares decline, tracking Wall Street losses asserted
shares → stay → losses
Asian shares are declining while tracking Wall Street losses HONG KONG -- asserted
shares → decline → losses
Asian shares declined Friday tracking Wall Street losses, while oil prices gained with Brent crude trading above $108 a barrel in its highest since May. uncertain
crude → decline → May
U.S. futures edged higher. asserted
futures → edge → ?
Japan’s Nikkei 225 dropped 2.8% to 63,442.30. asserted
Nikkei → drop → 63,442.30
Shares of multinational investment holding firm SoftBank Group, an investor of OpenAI, fell 4.1%. asserted
Shares → hold → OpenAI
South Korea’s Kospi lost 2.3% to 6,872.39. asserted
Kospi → lose → 6,872.39
Samsung Electronics slid 3.9%, while memory chipmaker SK Hynix declined 3.6%. asserted
Hynix → slide → ?
Hong Kong’s Hang Seng dipped 0.8% to 24,753.54. asserted
Seng → dip → 24,753.54
Shares of Chinese AI chipmaker Enflame surged around 180% in its trading debut in Shanghai. asserted
Shares → surge → Shanghai
Taiwan’s Taiex lost 1.7%, while India’s Sensex declined 1%. asserted
Sensex → lose → %
Oil prices continued to gain early Friday as tensions between the U.S. and Iran intensified. asserted
tensions → continue → U.S.
Oil flowing through the Strait of Hormuz, a narrow waterway critical for global oil transport, remained “well below pre-war levels,” wrote ING commodities strategists Warren Patterson and Ewa Manthey in a commentary Friday. asserted
strategists → flow → commentary
That’s “underscoring how fragile the situation has become,” they said. asserted
they → underscore → ?
On Thursday, Wall Street’s benchmark S&P 500 dropped 0.6% in its fourth straight loss. asserted
S&P → drop → loss
The Dow Jones Industrial Average lost 0.6%, and the technology-heavy Nasdaq composite fell 0.7%. asserted
composite → lose → %
Investors are also monitoring the U.S.’s consumer price index data for August set to be released Friday ahead of the Federal Reserve’s meeting next week. asserted
Investors → monitor → meeting
Also on Thursday, the U.S. producer price index report for August was up 5.4% year-on-year, accelerating from July’s 4.8%. asserted
report → accelerate → %
The bond market has been volatile with U.S. Treasury yields well above pre-war levels, fueled by higher energy prices and inflationary pressures as well as rising U.S. government debt. asserted
market → fuel → prices
The yield on the 10-year Treasury rose to 4.96% early Friday from 4.83% on Wednesday. asserted
yield → rise → Wednesday
In other dealings, the U.S. dollar fell to 154.35 Japanese yen from 154.42 yen. asserted
dollar → fall → yen
The euro was trading at $1.1605, down from $1.1612. asserted
euro → trade → 1.1612
_ AP Business Writers Stan Choe and Anne D’Innocenzio contributed to this report. asserted
Choe → contribute → report
💬Give feedback
🕘History 🎫Support