As President Bush called for dropping the ban on offshore oil drilling, CNBC asked the experts how to profit from oil.
In recent years, this global shortage of drill-ships has created a critical bottleneck, frustrating energy company executives and constraining their ability to exploit known reserves or find new ones. Slow growth in oil supplies, at a time of soaring demand, has been a major factor in the spike of oil and gasoline prices.
High oil prices will continue to affect Friday's Aussie trading session, despite a pullback overnight. Mark Southwell-Keely, director at Select Equities tells CNBC's Amanda Drury the stocks he is watching.
Oil at $130 a barrel is overpriced, say Lim Say Boon, chief investment strategist at Standard Chartered Group Wealth Management & Paul Larson, equities strategist at Morningstar. They discuss where oil prices are headed and its impact on the markets, with CNBC's Martin Soong & Sri Jegarajah.
Paul Larson, equities strategist at Morningstar & Lim Say Boon, chief investment strategist at Standard Chartered Group Wealth Management agree that speculators are responsible for driving the price of oil higher. They discuss the fundamentals supporting oil prices, with CNBC's Martin Soong.
Lim Say Boon, chief investment strategist at Standard Chartered Group Wealth Management tells CNBC's Martin Soong how he hedges his investments from volatility and inflation.
Surging oil prices and uncleared credit market losses will keep equities volatile over the next two quarters, notes Lim Say Boon, chief investment strategist at Standard Chartered Group Wealth Management. He discusses the current market conditions with CNBC's Martin Soong.
Weaker economic data from the U.S. will weigh on the dollar in the medium-term, says Jonathan Cavenagh, currency strategist at Westpac Bank. He looks at the major crosses in his discussion with guest host, Lim Say Boon from Standard Chartered Wealth Management & CNBC's Martin Soong.
Asian markets face two key risks -- inflation and what oil prices will do, according to Tham Mun Hon, regional strategist at ABN AMRO. He tells CNBC's Martin Soong what Asian central banks might do to address these problems.