Record High Oil Prices Hit Asian Markets
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Most Asian stock markets fell after oil prices hit a record high on Thursday, reigniting worries that high energy costs will dent household incomes, raise companies' expenses and hurt global economic growth.
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Oil futures prices advanced to another record high yesterday as a strike began in Africa's largest exporter of crude, exacerbating global supply concerns at a time of strong demand and reduced output in the hurricane-ravaged Gulf of Mexico.
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World oil prices vaulted to record highs Friday, stirring fears of $US60 a barrel for New York crude, as traders sweated over tight US energy stocks and rampant, China-driven demand.
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Asian shares shrugged off record oil prices on Wednesday to hit five-month highs as key technology issues cheered resilience in their U.S. peers, but concern about the impact of high energy costs on firms' profits capped gains.
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Oil prices have raced to new record high levels after oil majors evacuated workers in Nigeria and police clashed with suspected Islamic militants in the Saudi Arabian capital, Riyadh.
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Asian share markets fell on Monday after oil hit a record above &#36;55 a barrel, with investors cautious ahead of earnings reports from bellwether firms IBM and Texas Instruments later in the day.
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Oil prices struck a fresh record on Thursday, spurred higher by renewed violence in Iraq and fresh evidence that strong demand growth in China and India has not been slowed yet by higher energy costs.
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Oil prices struck a fresh record on  Thursday, spurred higher by renewed violence in Iraq and fresh  evidence that strong demand growth in China and India has not  been slowed yet by higher energy costs.
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The Dow Jones hits a record high in intraday trading - its highest level for six years - as oil prices continue to slide.
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Oil prices hit a fresh intraday record high Wednesday, passing $80 a barrel for the first time ever, after the government said supplies of crude oil fell far more than expected.
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The price of oil has continued its sharp rise overnight, closing at a record high. The main contract in New York, light sweet crude for delivery next month, has closed at a record $US46.75 a barrel - up 70 cents on yesterday&#39;s close.
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Oil prices reach fresh highs on fears of possible supply disruptions in Venezuela, weighing on Asian stock markets.
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Asian stocks raced to a record high on Friday as a weaker yen boosted Japanese exporters such as Canon Inc.  and a spike in oil prices pushed energy shares higher.
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Oil prices hit a record high Thursday of more than $90 a barrel after reports indicated that the Organization of Petroleum Exporting Countries has no plans to increase production.
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The price of Brent crude oil struck an historic peak of 86.28 dollars per barrel in trading here on Thursday amid concerns over tight energy supplies.
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World oil prices scaled record peaks last night, rising on concern over disruptions to supply from strike-hit producers Nigeria and Norway.
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TORONTO - Crude oil prices hit an all-time high Tuesday, pushing past the psychological barrier of $50 US per barrel during Asian trading.