GLOBAL MARKETS-Asian shares mixed, oil jumps on output curb expectations

By Nichola Saminather

SINGAPORE Asian shares were mixed in early Asian trading on Tuesday after oil prices surged to a one-year high and optimism over Hillary Clinton’s widening lead in the U.S. presidential election campaign pushed Wall Street higher.

Brent crude LCOc1 rose to as high as $53.73 on Monday, the highest level since Oct. 9, 2015. It closed up 2.3 percent at $53.14.

U.S. crude futures CLc1 jumped 3.1 percent to $51.26 on Monday, a four-month high. They were trading 0.1 percent lower at $51.28 at 0022 GMT.

The gains came after Russia said it was ready to join the Organization of Petroleum Exporting Countries in limiting crude output and Algeria called for similar commitments from other non-OPEC producers.

OPEC aims for agreements to cut about 700,000 barrels per day in its first reduction in eight years.

MSCI’s broadest index of…

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