Iran warns U.N. curbs will increase oil prices

Iran warns U.N. curbs will increase oil prices
Iran - Pakistan - Gas pipeline Iran warned on Sunday that oil prices could go substantially high if the United Nations slapped sanctions on the country for its nuclear program but hoped its oil and gas sectors will not be sanctioned.

Oil, gas, gold and zinc prices
The price of North Slope oil sold on West Coast open markets closed today at a record $71.97 a barrel, up $1.52 for the day.

Stocks end lower on Microsoft, oil prices
Stocks finished mostly lower Friday as rising oil prices and a tepid outlook from Microsoft Corp. dampened Wall Street's reaction to a rebound in first-quarter economic growth. The major indexes ended mixed for the week and for April.

Japanese Stocks May Fall on Oil Prices, Interest Rate Concerns
May 2 (Bloomberg) -- Japanese stocks may fall after oil prices climbed and on speculation U.S. interest rates may rise further, crimping exporters' profits and demand for their goods and services. Honda Motor Co. may pace declines.

UAE hotels fear high oil prices and bird flu scare
Dubai: The threat of terrorism, bird flu and skyrocketing oil prices is giving the region's hotel chiefs sleepless nights, despite a booming UAE hotel sector.

Oil prices rise on Iran concerns
Oil prices were higher in Asian trade on Monday amid concerns Iran would be hit with sanctions or even military action because of its controversial nuclear programme, dealers said.

Iran: UN sanctions would boost oil prices
LONDON, May 1 (IranMania) - The Iranian Deputy Oil Minister Mohammad-Hadi Nejad-Hosseinian said he did not believe the United Nations would impose sanctions on Iran because that would boost oil prices even higher, Associated Press reported.

High oil prices a risk factor for the economy: Bank of Thailand
BANGKOK, May 2 (TNA) - The Bank of Thailand has adjusted its crude oil price forecast to be applied in various country's economic forecasts, and calling oil price a risk factor in the long-term outlook of the Thai economy.