Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 655 Sat. April 01, 2006  
   
Business


Oil prices mixed


World oil prices showed mixed fortunes at the end of a week in which they have surged owing to global supply concerns.

New York's main contract, light sweet crude for delivery in May, fell by 27 cents on Friday to 66.88 dollars per barrel in electronic deals before the market's official opening.

In London, the price of Brent North Sea crude for May delivery gained 29 cents to 66.75 dollars per barrel in electronic trade.

Crude futures have risen by more than three dollars this week owing to falling gasoline (petrol) inventories in the United States, the world's biggest energy consumer, and tensions in major crude producers Nigeria and Iran.