16 Mar '11, 9pm

Oil prices rise on Bahrain unrest, Japan fears

Oil prices rise on Bahrain unrest, Japan fears

NEW YORK: Crude oil prices rose on Wednesday as concerns about Arab unrest outweighed fears about the threat of a potential nuclear disaster in major crude-importer Japan. New York's main contract, light sweet crude for April rose 80 cents to close at $97.98 a barrel. The benchmark WTI futures contract had plunged $4.01 on Tuesday as Japan raced to avert a nuclear catastrophe at plant stricken by Friday's powerful 9.0 magnitude quake. In London, Brent North Sea crude for delivery in April jumped $2.10 to settle at $110.62 a barrel. The contract had slumped by $5.15 on Tuesday. "There are two overriding factors with Japan and the continuing unrest in the Middle East," said Matt Smith at Summit Energy. The oil market found support from fresh unrest in the Middle East, as forces loyal to Libyan leader Muammar Gaddafi advanced on rebel-held positions and Bahrain saw violent cl...

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

Tweets

Oil prices surge on Japan crisis, Mideast turmoil

channelnewsasia.com 17 Mar '11, 8pm

NEW YORK - Japan's fast-moving nuclear crisis and more tensions in the oil-rich Gulf region and Libya pushed crude prices ...

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...

#Japan radiation "extremely high"; helicopters ...

sg.news.yahoo.com 17 Mar '11, 2am

At this point in time, it's not best and helpful to point fingers to anyone since all these things were caused by a natura...

Oil prices stable amid ongoing Middle East unrest

channelnewsasia.com 24 Mar '11, 10pm

NEW YORK: Crude oil prices were little-changed on Thursday as Japan's turn toward economic recovery and ongoing fighting i...

Hundreds shot in Bahrain as emergency declared

Hundreds shot in Bahrain as emergency declared

channelnewsasia.com 15 Mar '11, 7pm

MANAMA - At least 200 people were shot and wounded on Tuesday in a Shiite village south of the Bahraini capital, a medic s...

Oil prices climb amid Libya fighting

channelnewsasia.com 22 Mar '11, 8pm

LONDON: World oil prices advanced on Tuesday as fighting raged on in Libya, a significant exporter of crude before the cur...

US consumer prices jump in February

US consumer prices jump in February

channelnewsasia.com 17 Mar '11, 3pm

WASHINGTON : Higher oil and food costs caused a surge in consumer prices in February, the government said on Thursday, len...

Oil prices could double amid Arab unrest

Oil prices could double amid Arab unrest

channelnewsasia.com 05 Mar '11, 5am

LONDON: The price of a barrel of crude could double if the unrest in the Arab world deteriorates, oil trader turned Britis...

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...

Oil price spikes to 2.5 year-high on Libya unrest

channelnewsasia.com 07 Mar '11, 10am

LONDON: World oil prices shot higher Monday, striking 2.5 year highs on the turmoil in Libya and the Middle East, analysts...

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...

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 ...

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...

Nuclear rescue work halted as radiation levels ...

channelnewsasia.com 16 Mar '11, 3am

TOKYO: The workers battling to contain the crisis at Japan's stricken Fukushima nuclear plant were all temporarily evacuat...