Unruly Oil Markets to Overshadow China's G7 Debut
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Soaring oil prices once again  threaten to hijack Friday's meeting of finance chiefs from the  world's top economic powers, overshadowing China's debut in the  G7 spotlight.
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Crude oil futures fell in New York, extending the biggest two-day decline in 19 months, amid concern China&#39;s first interest-rate increase in nine years may slow growth in fuel demand in the world&#39;s second-largest oil consumer.
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Oil prices simmered near $55 a barrel  on Friday on rising fears of a winter fuel supply crunch and  robust but slowing economic growth in China, the world's number  two oil user.
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Group of Seven finance officials are likely to press this weekend for greater currency flexibility in Asia, but analysts doubt China will be singled out to any greater degree than it was in the last meeting.
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SINGAPORE: Asian oil traders fear China Aviationâs $550 million trading loss will stunt derivatives trade and force a credit clampdown, particularly for Chinese firms feeding their energy-hungry economy.
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Oil prices deepened this week's 8  percent rout on Friday, edging nearer $50 a barrel as China's  surprise interest rate rise stirred concerns over demand growth  from the world's second largest energy user.
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Reaction was overwrought, and China's economy is still hot. But a sudden market slide shows it's time to get real
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Crude hovers around $46 a barrel amid demand from most populous country, damage reports from Ivan. LONDON  - Oil prices held above $46 a barrel Tuesday as China showed no letup in its strong demand
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The world economy will face higher prices than in the past decade as more oil comes from &quot;politically unstable&quot; countries, such as Saudi Arabia and Russia, and production costs rise, the International Energy Agency warned on Tuesday.
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American consumers watching the dollars rack up as they pump gas at stations across the country usually blame the high prices on the war in Iraq. But China's galloping fuel consumption could destabilize global energy markets and security even more profoundly, energy specialists say.
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Oil prices forged to a record high above  $55 a barrel on Friday on rising fears of a winter fuel supply  crunch and robust economic growth in China, the world's number  two user.
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New market set as demand in China, India intensifies supply worries, Iraq lends price support. NEW YORK (CNN/Money) - Oil prices blazed past $47.50 a barrel and set fresh highs early Thursday as demand growth in China and India exacerbated supply shortage ...
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China's top oil firm, PetroChina, is expected to raise more than $9bn (Â£4.88bn) for its listing on the Shanghai Stock Exchange.
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Surging oil prices could moderate China's economy this year as rising costs push inflation higher, hitting corporate profits and consumer pocket books, analysts and state press said.
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Oil's rally wavered on Thursday, but  worries over the security of Nigerian supply supported prices  despite an easier U.S. crude inventory picture and news that  Russia's YUKOS would resume full supply to China.
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LONDON : World oil prices bolted up to new record summits beyond 52 dollars on markets nervous about tight global supplies with winter looming in the northern hemisphere.
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Oil prices simmered near $55 a barrel  on Friday on rising fears of a winter fuel supply crunch and  robust but slowing economic growth in China, the world's number  two user.