President Barack Obama speaks about the government shutdown and debt ceiling during a visit to a paving company Thursday in Rockville, Md.

WASHINGTON — President Barack Obama is canceling a trip to Asia to stay in Washington and push for an elusive funding bill to get the nation’s business back up and running.

In a statement late Thursday, the White House blamed Republicans, saying the “completely avoidable” government shutdown was hurting the president’s efforts to promote trade and U.S. influence in emerging world markets.

Obama’s decision to skip upcoming economic summits in Indonesia and Brunei was an indication of how entrenched both sides were as the bitter partisan shutdown entered its fourth day with no end in sight.

Secretary of State John Kerry flew to Bali, Indonesia, today and will head the U.S. delegation to the summits.

The price of oil rose Friday. Benchmark oil for November delivery was up 25 cents to $103.56 per barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.

Obama had been set to leave Saturday night for Bali for a meeting of the Asia Pacific Economic Cooperation. It originally was scheduled as one of four Asian stops.