Saturday, February 11, 2012
- Lahore: Shopping centre caught fire in Gulberg
- Australia beat Sri Lanka by 5 runs, remain unbeaten in tri-series
- Blasts, firing near PTIs rally leave 7 injured in Swabi
- Imran says will shoot down drones if comes to power
- 25 killed, 175 injured in Syria blasts
- Aqib Javed resigns as bowling coach
- NATO supplies from Pakistani airspace never stopped: Pentagon
- 11 militants killed, 19 injured in Orakzai operation
- Mansoor Ijaz to record statement via videolink on Feb 22
- LHC adjourns hearing of petition against TCP
New York oil price slumps below 34 dollars a barrel
The price of New York oil sank under 34 dollars per barrel on Friday for the first time for more than four and a half years, as weak global demand overshadowed a record OPEC output cut, traders said. New York's light sweet crude for delivery in January sank as low as 33.44 dollars a barrel, which was the lowest point since April 2, 2004. The January contract, which was also driven lower in technical trading owing to its expiry on Friday, later stood at 33.61, down 2.61 dollars from the close on Thursday. New York prices have now plunged by about 77 percent since striking a record high of 147.27 dollars in July on supply concerns in key producer countries.
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