RP, Thailand to be worst affected by oil price surge â ADB
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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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World oil prices surged nearly 4  percent on Friday on worries the U.S. hurricane season would  continue to hamper energy production and imports in the Gulf of  Mexico, delaying vital stock-building ahead of winter.
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World oil prices have hit fresh record highs above $US50 per barrel in electronic trading ahead of formal pit deals, stoked by fears about supplies.
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The recent jump in world oil prices has cast a cloud over the global economic recovery, the International Monetary Fund says. The Washington-based watchdog said world growth was expected to be the strongest
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Oil surged above $70 on Monday on news a cyclone was headed toward the oil-producing Arabian peninsula with the potential to disrupt shipping and output.
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You missed the wild ride on Cyclone Gonu? Oil traders rode that financial roller coaster for several days this month when the cyclone briefly pummeled the energy-producing Persian Gulf state of Oman. Crude prices shot above $71 a barrel at Gonu's worst, only to recede to below $69 a barrel over t...
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NEW YORK - Oil prices reached a new high yesterday before retreating to close below Thursday&#39;s record level, after the Iraqi insurgency increased its pressure on the country&#39;s oil infrastructure and traders feared that growing unrest might interrupt crude ...
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Thai stocks suffered their biggest crisis since Asia's 1997 financial meltdown as foreign investors took fright at drastic measures to rein in the baht currency, prompting calls for a central bank U-turn.
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Soaring oil prices may again hijack  Friday's gathering of finance chiefs from the world's top  economic powers, though a U.S. drive to pressure  China over  currency policy was gathering steam on Thursday.
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World oil prices surged nearly $2 on  Friday on worries the stormy season in the Gulf of Mexico would  continue to hamper energy production and imports, delaying  vital stock building ahead of the coming winter months.
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Oil prices surged to record highs above  &#36;78 on Friday as global geopolitical storm clouds gathered,  with supply disruption in OPEC exporter Nigeria and tensions  across the Middle East driving crude into unchartered  territory.
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Cartel may act to stem crude price slide; Nigeria unrest, attack on US consulate also weigh. SINGAPORE  - World oil prices bounced from a three-month low Monday as traders looked for OPEC to take
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Business & money: Violent storms in the North Sea helped push global oil prices to new highs of just under $100 per barrel.
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Developing Asia is set to outperform this year with higher-than-expected growth of 7.0 percent despite high oil prices but it will slow in 2005 in tandem with the developed world, the Asian Development Bank (ADB) said.
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NEW YORK -- Oil futures prices headed to a new high Monday as a strike began in Africa&#39;s largest exporter of crude oil. Crude for November delivery rose 33 cents to $53.
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Business & money: Nigerian strike and Iran worries add to pressure as cost of crude oil rises to its highest level this year.
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As oil prices keep setting new record highs, there are growing concerns that Asia's energy-hungry economies can no longer continue absorbing the impact with crude creeping toward 60 dollars a barrel.