Oil prices extend gains; Asia rises, Wall St.'s flat

August 28, 2015 8:48 AM

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Upbeat U.S. economic data appeared to lift the spirits of Asian investors Friday as Wall Street stock futures and European markets traded in a narrow range and oil prices extended gains after rising sharply in the prior trading session.

Stocks in Japan and China shot higher following several days of extreme market volatility and heavy sell-offs in the region.

Also read: Stocks gain as Dow, Russell 2000 hit fresh highs

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