USA 7s D2: Cup Quarters- Fiji 12-5 Wales (FT), Kenya 14-19 Samoa (FT), South Africa 24-5 Argentina (FT), NZ 12-7 England (FT), Bowl Quarters- Canada 29-0 Uruguay (FT), Scotland 14-15 Japan (FT),  France 5-21 USA (FT), Australia 31-0 Brazil (FT). Pool play- Argentina 14-12 USA (FT), NZ 12-5 Samoa (FT), France 5-33 South Africa (FT), Kenya 7-7 England (H2), Fiji 19-10 Canada (FT), Australia 10-7 Japan (FT), Wales 28-7 Uruguay (FT), Scotland  33-5 Brazil (FT).
Suva, Fiji
Temp: 79 °F / 26.1 °C
Wind: 0.0 KMH
INTERNATIONAL BUSINESS NEWS
February 19, 2010 10:59:45 AM

World oil prices rose on Thursday after the latest weekly snapshot of energy inventories in the United States showed a higher than expected rise in stockpiles.

New York's main futures contract, light sweet crude for delivery in March, jumped 68 cents to 78.01 dollars a barrel.

Brent North Sea crude for April delivery rose 63 cents to 76.90 dollars a barrel.

The US Department of Energy said crude oil stockpiles rose by nearly 3.1 million barrels to 334.5 million barrels for the week ended February 12, compared with an average survey estimate of a 1.8-million increase.

Gasoline stocks rose by 1.6 million barrels to 232.1 million barrels, while analysts polled by Dow Jones Newswires had forecast a 1.5-million increase.

Distillate stocks, including heating oil and diesel fuel, dropped by 2.9 million barrels to 153.3 million barrels.

Northern parts of the United States experienced extremely cold weather conditions last week, which pushed up demand for heating fuel.

The Department of Energy weekly data is closely followed since the United States is the world's biggest energy consuming nation.

The US dollar meanwhile rose against the euro Thursday on concerns the Greek debt crisis could affect other eurozone nations and on expectations that the Federal Reserve may tighten monetary policy sooner than thought, analysts said.

A stronger greenback makes dollar-priced crude more expensive for buyers using weaker currencies, hitting demand.

Traders were also keeping a watch over oil-rich Iran, where renewed tensions over Tehran's nuclear ambitions has helped to boost crude prices this week.

Iran recently began enriching uranium to 20 percent purity, which the United States and several other powers said added to evidence that the Islamic republic is seeking to build a nuclear weapon.

Tehran counters that its only goal is peaceful nuclear energy and research.

US Secretary of State Hillary Clinton said her country had no plan for military action against Iran, while Admiral Mike Mullen, the chairman of the US Joint Chiefs of Staff, said Washington has not ruled out military action.

* Get local and international rugby news , gossip & live updates/results on your phone. Txt VRUG to 333 now.

* Get local and international football news, gossip & live updates/results on your phone. Txt VSOC to 333 now.

   

Post a Comment
Bookmark and Share
Posted Comments
No comments, but you can post the first comment!
LOCAL
New owner for Fiji Dairy by MarchThe new owner for Fiji Dairy Limited (FDL) will be announced by the end of March, 2012.
SPORTS
Quartet will play for Labasa: Sharma There is a new twist to the Labasa Football Association controversy surrounding the suspension of four key players.
BUSINESS
RBF plans expo to kickstart investmentFiji’s Reserve Bank is to organise a financial expo to boost investment in the agriculture and renewable energy sectors.
ENTERTAINMENT
Bachchan 'hale and hearty' after surgeryVeteran Bollywood superstar Amitabh Bachchan was "hale and hearty" after undergoing a three-hour operation on Saturday for an abdominal ailment, a hospital official said.
OFFBEAT
Nazis in space pack in the crowdsA sci-fi black comedy about Nazis from the moon invading Planet Earth is one of the hottest tickets at the Berlin film festival, which is better known for its gritty political fare.
FIJIAN
Veidigidigi ena na 2014 e dei tikogaE vakaraitaka na Paraiminisita ni noda vanua o Commodore Voreqe Bainimarama ni na dei tikoga na navunavuci ni matanitu oqo ena na kena vakayacori na veidigidigi ena yabaki 2014.