Thus when Brent crude hit a 3-1/2 year high of $128.40 last week, it rang economic alarm bells. “For Asia, the current risk from rising oil prices isn’t inflation, at least not yet. It’s growth,” said Neumann. “Exports to the West, looking …

“As crude costs push higher, demand for the region’s exports quickly softens. For Asia, the current risk from rising oil prices isn’t inflation, it’s growth.” In other energy trading, heating oil was down 1.2 cents at $3.18 per gallon and …

Don’t worry too much about the higher oil price. Though decidedly bad for the global economy … Other economists, looking at the UK, say inflation shouldn’t veer far off its current downward course. Nor should you worry about the broader …

The rise comes despite a far-reaching economic recession caused by the current debt crisis, and was attributed to geopolitical tensions out of the Persian Gulf which have caused a jump in oil prices. Iran is currently embroiled in a dispute with …

ISTANBUL, Feb 28 (Reuters) – The Turkish lira recovered against the dollar and bonds also got a boost on Tuesday as a dip in oil prices eased concerns about the country’s huge current account deficit and double-digit inflation. Investors …

ISTANBUL, Feb 28 (Reuters) – The Turkish lira recovered against the dollar and bonds also got a boost on Tuesday as a dip in oil prices eased concerns about the country’s huge current account deficit and double-digit inflation. Investors …

Crude oil for April delivery traded at $109.48 a barrel in New York and has gained 11 percent this month. Wholesale prices rose 6.55 percent in January from a year earlier from 7.47 percent in December, official data show. The current account …