Traders watching Thailand closely are certain to remember how trouble in the kingdom has had worldwide implications in the past: The Asia currency crisis that erupted in 1997 began with the devaluation of the Thai baht, then snowballed into an international economic crisis.
More recently, Thailand has been in a state of political flux, with a caretaker prime minister running the government. Prime Minister Thaksin Shinawatra is in New York attending the United Nations General Assembly
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Crude oil futures rose. A barrel of light crude was quoted at $64, up 20 cents, in trading on the New York Mercantile Exchange.