CNBC | Asia trades higher, ASX up 1.27%, Hang Seng up 1.5% CNBC Also aiding the upward move for markets are the gains made in oil prices. Last week, oil prices halted the nearly 17 percent drop in January. Some of the gains came from temporary demand for heating oil due to the cold snap hitting the United States. Asian Stocks Extend Global Rebound With Oil Above $32; Yen Rises |