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Article: Asia: Oil extends gains in Asia.

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TendersInfo
Article date:
June 25, 2008
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Byline: ismail05

Oil prices climbed further, propped up by worries over supply disruptions in Nigeria and tensions in the Middle East, while Asian stocks eased to new multi-month lows on concerns about the US economy. Surging energy costs in Asia coincide with signs of a global economic slowdown, a bad omen for a region that relies on exports to help fuel profits.

United Parcel Service Inc, the world's largest package delivery company, warned on Monday that high fuel prices and a sluggish US ...

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