Recommend this article

PRICES GUSHING: The jump in crude to near a 10-month high has sent fuel prices higher across Asia. In Singapore, for instance, gasoline has risen 6 percent this year to 2.15 Singapore dollars a liter ($6.48 a gallon).

ECONOMIC EFFECT: Higher oil prices have made Asian policymakers think twice about cutting lending rates and implementing other stimulus measures designed to boost economic growth.

VARIED IMPACT: South Korea, Taiwan and Thailand are the biggest crude importers relative to the size of their economies. India _ with inflation at 6.6 percent _ is in a weak position to absorb higher energy costs.