The IEA and U.S. Secretary of Energy warned that the fast rise in oil prices could slow the global economic recovery.
Asian shares were by and large higher, spurred on by earnings optimism and commodity price gains.
Asian markets were mixed by and large today, with Japan closed for a holiday.
U.S. stocks rose as optimism over the economy lifted commodity prices, which were also helped by a weaker U.S. dollar.
Rising metals prices boosted mining stocks across Asia, while the dollar gains against the yen helped shares of Japanese exporters.
Growing hopes of global economic recovery lifted most Asian share markets.
Overall, the U.S. economy is showing signs of recovery, despite layoffs, bankruptcies, and defaults in loan obligations.
Commodities prices surged on renewed optimism that global demand is picking up. Gold remained near an all-time high.
Gold record price will make consumers in Asia more likely to be cashing in than panic buying.
Gulf States are reportedly in secret talks with Russia, China, Japan and France… to replace the dollar.