Oil prices, which have soared five-fold since 2003, posted their highest ever one-day gain of $10.75 to close at a new record of $138.54 in New York after hawkish remarks by an Israeli official on oil producer Iran.
Senior officials from the United States, and Asia's four largest powers said in a joint statement after talks in Aomori, Japan that they "share serious concerns" about the current level of oil prices.
"These prices are unprecedented and against the interest of both consuming and producing countries. They pose a great burden