Global Markets: Oil falls as supply worries fade; stocks edge higher

By Saqib Iqbal Ahmed NEW YORK (Reuters) - Oil prices dropped sharply on Tuesday after Saudi Arabia's energy minister said the kingdom has fully restored its oil supply following an attack over the weekend that shut 5% of global oil output. Stocks edged higher and U.S. Treasury yields slipped ahead of an expected interest rate cut by the Federal Reserve at the conclusion of its two-day policy meeting on Wednesday

The post Global Markets: Oil falls as supply worries fade; stocks edge higher appeared first on Firstpost.