Equities up even as oil approaches $50

Most equity markets were up this week, surprising considering that oil prices reached record highs approaching US$50 a barrel.

U.S. Stocks Climb; S&P 500 Index Has Biggest Weekly Gain in 10 Months

European Stocks Rise for First Week in Three; Ericsson, Nokia Shares Gain

Japan's Topix Stock Index Rises This Week, Led by Ito-Yokado; Taiwan Gains

It looks like investors are getting used to high oil prices.