Oil prices mixed

Published December 16, 2005

LONDON, Dec 15: World oil prices were mixed on Thursday amid rising crude stocks in the United States and forecasts of cold weather across the country’s fuel-hungry northeastern region, dealers said. New York’s main contract, light sweet crude for delivery in January, slipped by 25 cents to $60.60 per barrel in electronic trading.

In London, the price of Brent North Sea crude for January delivery rose by 25 cents to $59.85 per barrel, owing partly to its expiry later Thursday.

Crude futures had fallen in earlier trading on Thursday as expectations of more cold weather in the US northeast were overshadowed by plentiful supplies, analysts at the Sucden brokerage firm said.—AFP

Opinion

Budgeting without people

Budgeting without people

Even though the economy is a critical issue, discussions about it involve a select few who are not really interested in communicating with the people.

Editorial

Iranian tragedy
Updated 21 May, 2024

Iranian tragedy

Due to Iran’s regional and geopolitical influence, the world will be watching the power transition carefully.
Circular debt woes
21 May, 2024

Circular debt woes

THE alleged corruption and ineptitude of the country’s power bureaucracy is proving very costly. New official data...
Reproductive health
21 May, 2024

Reproductive health

IT is naïve to imagine that reproductive healthcare counts in Pakistan, where women from low-income groups and ...
Wheat price crash
Updated 20 May, 2024

Wheat price crash

What the government has done to Punjab’s smallholder wheat growers by staying out of the market amid crashing prices is deplorable.
Afghan corruption
20 May, 2024

Afghan corruption

AMONGST the reasons that the Afghan Taliban marched into Kabul in August 2021 without any resistance to speak of ...
Volleyball triumph
20 May, 2024

Volleyball triumph

IN the last week, while Pakistan’s cricket team savoured a come-from-behind T20 series victory against Ireland,...