Oil rose nearly $3 to top $80 a barrel after news that the U.S. economy returned to growth in the third quarter.
Asian shares edged lower Wednesday, despite relatively strong regional earnings news and demand prospects.
The U.S. dollar kept its footing today. It continued to rally after a 14-month low that came on a sharp drop in stocks and commodities.
Asian investors bought regional chipmakers today, after giant Hynix Semiconductor said it expected a DRAM chip shortage next year.
Shoppers in Tokyo line up in front of a popular electronics store hours before the launch of Windows 7.
There is only one way for airlines to keep their flights full—cut ticket prices.
Asian stocks backed off 15-month highs on Wednesday, as profit-taking weighed on regional shares such as tech firms and car-makers.
Apple's upbeat earnings and quarterly sales records helped to boost Asian technology shares Tuesday.
Oil prices pushed up to a one-year high of over $79 dollars a barrel. It gave a boost to energy-related shares.
Oil prices steadied above $78 a barrel on Monday as stronger company earnings raised optimism about the economy.