CNBC | Asia markets gyrate as China shares turn higher CNBC Also helping to support the gains around the region, oil prices rallied during Asian trade with the West Texas Intermediate (WTI) futures up 2 percent at $33.95 a barrel. The globally traded Brent was up 1.78 percent at $34.35 a barrel. Overnight ... S&P 500 Caps Worst-Ever Start to Year on China Woes, Oil Slump China's woes rattle global markets Why China Matters For World Oil Markets |