Futures point to a mixed open for Asian shares Thursday despite Wall Street's higher close after oil prices soared on news that Russia would join an output-freeze deal.
Oil prices jumped more than 3 percent during the U.S. session after Russia said it was ready to join the Organization of the Petroleum Exporting Countries' (OPEC) output freeze deal. U.S. crude futures settled up 3.1 percent at $51.60 a barrel, while Brent futures settled up 2.3 percent at $43.73, after hitting a one-year high of $53.73.
"The rally was purely sentiment-driven as the details of how this would actually work are still pretty thin on the ground, but given Russia is the biggest oil producer in the world any deal that gets them to cut back will be seen as a big positive for the oil market," Angus Nicholson, market analyst at IG.
Australia's ASX 200 opened up 0.31 percent at 5,491.4, supported by a 1.8 percent rise in the energy subindex. The materials sector climbed 0.96 percent.
Nikkei futures in Chicago were up 0.12 percent, at 17,005, while Osaka futures were down 0.59 percent, at 16,790, early morning local time; the Japanese benchmark index last finished at 16,860.09 on Friday, and was shut on Monday for the Sports Day national holiday.
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