Oil prices have risen in Asia as signs suggest a boost in fuel demands following news concerning economic growth in the US and in the emerging Asian markets.
A fall in the US dollar was another reason behind the rise in crude prices in Asian markets to above $80 a barrel on Monday, as a weaker dollar makes the commodity cheaper to holders of other currencies.
Oil price rises above $80 a barrel
WTO: World trade hit by 12% in 2009
Head of the World Trade Organization (WTO), Pascal Lamy, says 2009 was the worst year for global business in the past 65 years.
Lamy told a think tank in Brussels that world trade dropped by 12 percent last year due to the global economic meltdown.
WTO: World trade hit by 12% drop in 2009
Head of the World Trade Organization (WTO) Pascal Lamy says 2009 was the worst year for global business in the past 65 years.
Lamy told a think tank in Brussels that world trade dropped by 12 percent last year due to the global economic meltdown.
