Oil rises above $82 ahead of OPEC meeting
Thursday, March 18, 2010
An industry report that showed a steep fall in US gasoline stockpiles and smaller-than-expected increase in crude inventories also helped buoy investor sentiments. US crude for April delivery was up 41c at $82,11 a barrel by 00:46 GMT, after settling up $1,90 at $81,70 on Tuesday. London Brent crude rose 42c to $80,95 a barrel.
"Oil prices continue to be supported by the soft tone of the US dollar, while the industry data showing a fall in gasoline is also somewhat supportive," said Commonwealth Bank of Australia oil analyst David Moore. The US dollar hovered near one-month lows against a basket of currencies on Wednesday as investors cut long positions after the US central bank retained its dovish bias.
March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...