Friday, February 10, 2012
- 9 sentenced for London Stock Exchange terror plot
- Greece reaches deal on austerity
- CJ takes suo motu notice of Lahore factory collapse
- India, Pakistan trade can reach $10 bn by 2015: CII
- Terror trial of accused Bali bomber starts Monday
- Warrant issued for ex-Maldives president
- Nato supplies continue through Pak airspace: Munter
- Contempt appeal: SC asks Aitzaz to complete arguments on Friday
- Khar says drone attacks multiply militants
- Tax collection registers increase of 26%: Hafeez Shaikh
Oil prices plunge below 50 dollars per barrel
Oil prices crashed below 50 dollars a barrel on Thursday as plunging equities and weak US data sparked fresh fears that a worldwide recession would ravage energy demand. In New York, light sweet crude for delivery in December plunged 4.00 dollars a barrel to close at 49.62. The December contract expired at the close after hitting an intraday low of 48.64 dollars, a level last seen in May 2005. The contract had not been below the 50-dollar level since January 18, 2007.
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