Oil Prices Rise to High As Demand Continues The price of oil hit another high yesterday, closing above \$47 a barrel as traders reacted to continuing concerns about supply disruptions from terrorism and instability in oil-producing countries. 
South Korea's Roh to showcase Russia's regional ambitions (AFP) AFP - South Korean President Roh Moo-Hyun begins Monday a high-profile visit to Russia that is a chance for Moscow to showcase its role as a regional power in northeast Asia.