In Asia, high oil prices drive concerns

THonline.com
13th Jan 2008
By Gillian Wong The Associated Press

SINGAPORE -- From a bus operator in Singapore to a salesman in Seoul, the surge in oil prices is rattling consumers and businesses across Asia.

A barrel of benchmark crude in New York briefly hit the $100 barrier for the first time earlier this month, and while the rising cost of oil has yet to dampen the rapid growth of the region's economies, it is being met with worry. >>>> More