HONG KONG: Asian shares tumbled Friday and oil prolonged the day prior to this’s surge on worries that Israel’s conflict with Hamas might widen to a regional battle with Iran as either side ratcheted up tensions.The specter of regional conflict compounded fears that the Federal Reserve wouldn’t lower rates of…
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Oil costs fall on China demand worries
TOKYO/NEW DELHI: Oil costs prolonged final week’s losses on Monday on concern about gradual demand in China, though lingering geopolitical danger surrounding the Center East and Russia restricted the decline. Brent futures fell 12 cents, or 0.2%, to $81.96 a barrel as at 07.23 GMT, whereas US West Texas Intermediate…