---
title: "Asia stocks power towards weekly gain, oil below $100 on peace deal hopes"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283088363.md"
description: "Asian stocks are on track for a second consecutive week of gains, while oil prices remain below $100 per barrel. Investors are reducing risk ahead of a significant weekend that may lead to a resolution in the Middle East conflict, following a 10-day ceasefire between Lebanon and Israel that began on Thursday."
datetime: "2026-04-17T04:03:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283088363.md)
  - [en](https://longbridge.com/en/news/283088363.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283088363.md)
---

# Asia stocks power towards weekly gain, oil below $100 on peace deal hopes

By Ankur Banerjee SINGAPORE, April 17 (Reuters) - Asian stocks headed for a second week of strong gains while oil prices were pinned below $100 a barrel with investors dialling back risk ahead of a crucial weekend that could pave the way for a near-term resolution to the Middle East war. A 10-day ceasefire between Lebanon and Israel went into effect on Thursday and President Donald Trump said

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