Oil Prices Sink Back To Around $90 Per Barrel

TOKYO (AP) — Asian shares have rebounded from their sharp declines a day before. Tuesday’s advance echoed a rally on Wall Street, as global investors began to hope the war with Iran may not last too long. But the gains fell far short of the losses on Monday, when oil prices neared $120 per barrel before falling back. U.S. President Donald Trump told CBS News he thinks “the war is very complete, pretty much.” That helped calm investors’ fears, pushing U.S. stocks higher. The S&P 500 gained 0.8% on Monday and the Dow industrials climbed 0.5%. The Nasdaq composite jumped 1.4%. U.S. futures were down about 0.2%. Oil prices were trading above $90 per barrel.