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

Enter the deputy PM

Enter the deputy PM

Clearly, something has changed since for this step to have been taken and there are shifts in the balance of power within.

Editorial

All this talk
Updated 30 Apr, 2024

All this talk

The other parties are equally legitimate stakeholders in the country’s political future, and it must give them due consideration.
Monetary policy
30 Apr, 2024

Monetary policy

ALIGNING its decision with the trend in developed economies, the State Bank has acted wisely by holding its key...
Meaningless appointment
30 Apr, 2024

Meaningless appointment

THE PML-N’s policy of ‘family first’ has once again triggered criticism. The party’s latest move in this...
Weathering the storm
Updated 29 Apr, 2024

Weathering the storm

Let 2024 be the year when we all proactively ensure that our communities are safeguarded and that the future is secure against the inevitable next storm.
Afghan repatriation
29 Apr, 2024

Afghan repatriation

COMPARED to the roughshod manner in which the caretaker set-up dealt with the issue, the elected government seems a...
Trying harder
29 Apr, 2024

Trying harder

IT is a relief that Pakistan managed to salvage some pride. Pakistan had taken the lead, then fell behind before...