Oil prices ease in Asian trade
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US crude prices fall back from Thursday's $53-a-barrel high overnight in Asia, but concerns over tight supplies persist.
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Singapore: Oil prices continued falling from record peaks in Asian trade Thursday after the United States reported a surge in crude oil inventories, dealers said.
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Asia will be able to weather the rising prices of oil but economic growth will slow down, with Thailand and the Philippines being the worst affected in a group of 10 countries, a report by the Asian Development Bank (ADB) said .
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Oil prices hover just below Monday's record peaks in Asian trade, amid continued concerns over global supply shortages.
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Japan's Nikkei average was flat by late morning trade on Tuesday as falls in oil-related stocks offset gains in some exporters including auto makers after a retreat in oil prices eased fears about the global economy.
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Oil prices fell in light trading yesterday , eased by the end of a Nigerian oil workers' strike over the weekend.
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World oil prices slipped Monday, tracking a slump in global stock markets as investors worry about slowing economic growth and a risk of recession in the United States.
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Oil prices edged higher in Asian trading Friday but remained below the $44 level following a ceasefire in the battle-torn Iraqi city of Najaf, dealers said.
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Oil prices eased on Friday, but still  within sight of the $55-mark as traders feared time was running  out to top up low heating oil supplies before winter.
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Asian stock markets took a breather  on Monday with Tokyo&#39;s Nikkei slipping on fresh worries about  the economy, while the yen was steady in a session likely to be  dulled by the U.S. Labor Day holiday.
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Asian share markets were flat on Tuesday, ignoring weaker oil prices and a mild rise in U.S. stock markets, and the dollar paused as officials in Europe and Japan fretted about its recent decline.
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Oil retreated further from its $53 per barrel threshold in early Asian trade Friday, but players in the market remained edgy about tight supplies heading into North America&#39;s winter heating season.
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Oil prices eased on Monday, tracking a  big sell-off in sky-high heating oil futures as dealers  expected rising production and a stretch of mild U.S. weather  to boost winter stockpiles.
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CRUDE oil futures eased below $US46 a barrel in Asia today as traders awaited the weekly US crude inventory report, which has helped bring down prices in recent weeks by showing a recovery in supplies.
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SINGAPORE: Crude oil futures edged up slightly in Asian trade Tuesday after dropping by almost three dollars overnight amid reports of mild US winter conditions, dealers said.
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Oil prices eased on Monday in  profit-taking on heating oil from sharp gains last week sparked  by concerns over low supplies of winter heating fuels.
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Oil prices eased on Friday as OPEC  looked set to keep output unchanged at its meeting this  weekend, although concern ahead of Sunday's election in Iraq  limited the fall.