Oil trims gains but Middle East risks keep stocks on back foot.

TOKYO: Oil futures shed some of its massive gains on Tuesday (Sep 17) as the United States flagged the possible release of crude reserves, but the threat of military action over the attacks on Saudi oil facilities kept prices elevated and stocks under pressure.

While equity market losses have not been large, shaky investor confidence continued to support safe-haven assets, with gold edging higher on Tuesday and Treasury prices rising.

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