08 Mar '11, 7am

Oil prices fall in Asian trading

SINGAPORE: New York crude prices fell below $105 in Asia on Tuesday as the United States refused to rule out tapping its oil reserves to ameliorate the impact of high oil prices, analysts said. New York's main contract, light sweet crude for April delivery, fell 70 cents to $104.74 per barrel in the afternoon. Brent North Sea crude for April delivery shed 64 cents to $114.40. Crude markets were depressed by White House chief of staff William Daley's comments on Sunday that the US had not ruled out tapping its strategic oil reserves in the face of spiking prices, said Ong Yi Ling, investment analyst for Phillip Futures in Singapore. "The US government is considering tapping its oil reserves, so that could limit some of the upside for oil," she told AFP. However, Ong said the dip in crude prices would be short-lived, as cyber-activists in OPEC kingpin Saudi Arabia called for...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

Rise in oil prices to hamper Asian growth: by C...

todayonline.com 06 Mar '11, 10pm

SINGAPORE - Asian economies will see their pace of growth cut with inflation headed even higher if oil prices surge furthe...

US dollar recovers as oil prices ease

channelnewsasia.com 08 Mar '11, 11pm

NEW YORK: The US dollar recovered slightly against other major currencies on Tuesday as high oil prices eased and investor...

Oil prices rise in Asian trade amid Middle East...

channelnewsasia.com 07 Mar '11, 3am

SINGAPORE: Oil rose higher in Asian trade Monday with the New York contract surging past $105, a new two-year high as turm...

US stocks surge as oil prices ease

US stocks surge as oil prices ease

channelnewsasia.com 08 Mar '11, 10pm

NEW YORK: US stock markets surged on Tuesday as oil prices fell back and traders took note of more upbeat small-business s...

Oil prices rise in Asian trade

channelnewsasia.com 04 Mar '11, 2am

SINGAPORE: Oil prices resumed their upward path in Asian trade Friday on doubts about Venezuela's proposal to mediate in t...

Analysts: Crude oil prices hitting US$120 a bar...

channelnewsasia.com 03 Mar '11, 12pm

SINGAPORE : Analysts say that if oil prices reach US$120 a barrel, they could shave off as much as 1.5 percentage points f...

Asian stocks mixed at midday

straitstimes.com 07 Mar '11, 3am

TOKYO JAPANESE shares opened 0.62 per cent lower on Monday, following a fall in US stocks on soaring oil prices and the re...

DTN Singapore: Singapore stocks firm on optimism over US economy, easier oil prices: SINGAPORE : Share prices in...

DTN Singapore: Singapore stocks firm on optimis...

channelnewsasia.com 04 Mar '11, 10am

SINGAPORE : Share prices in Singapore closed higher on Friday, boosted by optimism over the US economy and a retreat in oi...

UPDATE 1-Thai consumer confidence hurt by high ...

sg.news.yahoo.com 10 Mar '11, 6am

* Confidence falls for first time in three months * High cost of living, worries about politics also factors * Economists ...

High oil prices to nearly halve airline profits

channelnewsasia.com 02 Mar '11, 1pm

GENEVA : High oil prices will cut airline industry profits by nearly half this year despite the growth in air travel with ...

Fall in Feb US unemployment sparks optimism

channelnewsasia.com 04 Mar '11, 3pm

WASHINGTON : A bumper US employment report published Friday showed the troubled jobs market cranked up a gear last month, ...

Asian boom may slow global recovery

Asian boom may slow global recovery

channelnewsasia.com 10 Mar '11, 10am

SYDNEY : Demand from rapidly developing Asia is propelling price rises that will hamper the global economic recovery in ad...

Oil prices drop after record Japan quake

channelnewsasia.com 11 Mar '11, 10pm

NEW YORK - Crude oil prices slumped Friday after a record earthquake slammed Japan, the world's third-largest economy, rai...

China's home prices to fall later this year, sa...

todayonline.com 10 Mar '11, 11pm

BEIJING - China's home prices will decline later this year, with sales volume already falling following purchase restricti...

M'sia's inflation up 2.4% due to rising oil prices

sg.news.yahoo.com 21 Mar '11, 4am

Kuala Lumpur (The Star/ANN) - Escalating oil prices contributed to a higher inflation rate in Malaysia this January, said ...