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Oil prices down in Asian trade

Oil prices eased in Asian trade Tuesday, but losses were limited as Russia-Ukraine tensions showed no sign of abating, raising fears of a disruption to energy supplies to Western Europe. New York's main contract, West Texas Intermediate for May delivery, dropped 65 cents to $103.40 in afternoon trade and Brent North Sea crude for May eased 41 cents to $108.66 a barrel. "Despite easing during Asian trading, oil prices maintained strong foothold at elevated levels," Tan Chee Tat, investment analyst at Phillip Futures in Singapore, told AFP.

8 more players join gold bourse

SEOUL, April 15 (Yonhap) -- South Korea's bourse operator said Tuesday eight more members have joined the country's gold trading platform, an indication that the newly launched gold bourse is winning attention from investors. In late March, the Korea Exchange (KRX) opened the country's first spot gold bourse, hoping that the unregulated market would become more transparent. Along with futures firms, securities firms, gold dealers, importers and local refiners approved by the authorities can register as members to buy or sell spot gold like stocks.

IPO Roundup: 3 companies go public Friday; Zoe's Kitchen shares soar 65 per cent in debut

NEW YORK, N.Y. - A Mediterranean-style restaurant chain, a maker of animal nutritional supplements and the owner of natural gas and oil pipelines rose in their stock market debuts Friday. Of the three, eatery chain Zoe's Kitchen had the largest gain. Its shares rose nearly 65 per cent. Investors have had a healthy appetite for initial public offerings from fast-casual restaurant companies. Shares of sandwich chain Potbelly Corp. more than doubled in their debut in October, but are now trading closer to the company's IPO price of $14. Shares of pasta chain Noodles

Phibro Animal Health shares rise 10 percent in debut

(Reuters) - Shares of Phibro Animal Health Corp <PAHC.O>, backed by British private equity company 3i, rose as much as 10 percent in their market debut, valuing the company at nearly $624 million. The animal health product maker's IPO raised about $176.5 million from the offering of 11.8 million class A shares, which were priced at $15 per share, slightly below the expected range of $16-$18 per share.

Oil above US$103 a barrel on Ukraine unrest; traders shrug off supply increase

The price of crude oil rose to a five-week high Wednesday amid unrest in eastern Ukraine, even as a report showed a large rise in U.S. supplies. Benchmark West Texas Intermediate crude for May delivery gained $1.04 to close at US$103.60 on the New York Mercantile Exchange. The contract, which gained $2.12 on Tuesday, last closed above $103 on March 4. Brent crude, used to set prices for international oil varieties, rose 31 cents to US$107.98 on the ICE Futures exchange in London.

Oil prices rise on US supplies, Libya deal skepticism

Oil prices advanced Wednesday after a US supply report showed strong gasoline demand and as questions persisted about a full resumption of Libyan oil exports. US benchmark West Texas Intermediate for May delivery rose $1.04 to $103.60 a barrel on the New York Mercantile Exchange. In London. Brent oil for May delivery added 31 cents to $107.98 a barrel. The Energy Information Administration said US crude supplies jumped 4.0 million barrels for the week ended April 4, well above the 1.0 million forecast by analysts surveyed by the Wall Street Journal.

Oil prices rise as Ukraine offsets higher stockpiles

Oil prices rose slightly on Wednesday as concerns over supplies through Ukraine offset official data showing a jump in US crude inventories, traders said. New York's main contract West Texas Intermediate (WTI) for delivery in May climbed 35 cents to $102.91 a barrel. Brent North Sea crude for May gained 28 cents to stand at $107.95 a barrel in late London deals.

Oil prices mixed on growing Ukraine fears

Oil prices were mixed in Asian trade Wednesday following big gains in European and US trade that were fuelled by renewed Russia-Ukraine tensions. New York's main contract West Texas Intermediate (WTI) for May delivery eased 12 cents to $102.44 a barrel in mid-morning trade while Brent North Sea crude for May was up five cents to $107.72. WTI surged $2.12 in New York to its highest level in a month after pro-Russian protesters seized buildings in the eastern Ukrainian city of Donetsk. Brent jumped $1.85 in London.

Crude jumps above $102 a barrel on Ukraine unrest, lower forecast for US output

The price of oil climbed above US$102 a barrel Tuesday, supported by renewed unrest in eastern Ukraine and a lowered domestic production forecast from the U.S. Energy Department. Benchmark West Texas Intermediate crude for May delivery gained $2.12, or 2.1 per cent, to US$102.56 a barrel on the New York Mercantile Exchange, its highest closing price since March 7. Brent crude, used to set prices for international oil varieties, rose $1.85 to US$107.67 on the ICE Futures exchange in London.

Business Highlights

___ American the latest airline to tweak flier program DALLAS (AP) — Airline travellers are adjusting to constant turbulence in frequent-flier programs. American Airlines is the latest to tinker with its program. The Dallas-based carrier on Tuesday announced changes that make it tougher to redeem miles for a flight during busy travel periods, and to check a bag without a fee.
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