Record Oil Prices Weigh on Asian Shares
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Oil prices hit record highs on  Thursday, fueling gains in some energy stocks, but fears that  high power costs will dent household incomes, raise firms'  expenses and hurt global growth weighed on Asian share markets.
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U.S. stocks fell on Monday as oil  prices hit a record high, spurring worries that energy costs  will eat into corporate profits.
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Crude oil extended its retreat on  Monday from a 21-year high near $50 a barrel, lifting most  Asian shares and giving investors some respite from concerns  that energy costs would choke off profits and economic growth.
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Crude oil reached a new high in Asian trade Thursday, hitting $52.38 US per barrel as the market took stock of reports of a possible strike in Nigeria and the sluggish revival of output in key Gulf of Mexico oil fields following hurricane
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SINGAPORE - Crude oil topped $50 per barrel during Asian trading on Tuesday, pushing past the psychological milestone for the first time then surging further to new record levels likely to unsettle oil-consuming nations.    Traders bid oil to new highs in after-hours trading on the New York Mercantile Exchange in a reaction to the slow recovery of U.S...
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The yen was feeling the heat on Tuesday as oil prices scaled new record highs, underlining concerns about Japan's dependence on imported oil.
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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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Asian shares were mostly lower on  Wednesday as oil prices hovered near $50 a barrel, with  Japanese stocks sliding for a ninth session, led by exporters  and tech stocks.
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SINGAPORE - Crude oil prices fell in Asian trade on Tuesday, retreating further below the milestone $55 per barrel mark but apparently unable to go below $53 amid lingering supply worries.
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Asian shares were mostly steady  Friday as record oil prices lifted energy stocks and miners  rebounded on stronger metals markets, but Tokyo shares fell for  a sixth day on worries the cost of crude would hurt the  economy.
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The world&#39;s major stock markets tried hard this week to ignore the proverbial elephant at the table -- record high oil prices -- but it is getting harder and harder to do so.
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Oil prices hit new record highs Monday  and the dollar slid against major currencies, piling up worries  in financial markets about slower growth and thinner corporate  profits.
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Asian share markets fell on Monday  after oil hit a record above $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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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.
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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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Overnight trading in Asia kept oil prices at around the USD53.64 closing record they set in NY last night. Analysts said the price was supported by new concerns about the possible effects of a general strike
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Asian share markets were trapped in  narrow ranges Tuesday as oil prices edged higher and after a  warning of lower sales from semiconductor maker Advanced Micro  Devices, which offset upbeat U.S. economic and corporate news.