GLOBAL MARKETS-Oil Surges, Shares Skid in Asia as Middle East Conflict Rages

GLOBAL MARKET - SYDNEY. Share futures slid in Asia on Monday as the inflationary pulse from surging oil prices threatened to raise living costs, and perhaps interest rates, across the globe, while an investor hunger for liquidity kept the U.S. dollar in demand.

Brent jumped 15% to $106.94 a barrel, having already soared 28% last week, while U.S. crude rose 17% to $106.75, threatening to push petrol prices quickly skyward.