SINGAPORE: Crude oil was little changed after rising on speculation fuel demand may climb as an economic stimulus package sought by President Barack Obama cleared a procedural hurdle in the U.S. Senate. Crude oil for March delivery was unchanged at $39.56 a barrel in electronic trading on the New York Mercantile Exchange at 10:04 a.m. Singapore time. It earlier rose as much as 1 percent to $39.95 a barrel. Yesterday, futures fell 61 cents, or 1.5 percent, to settle at $39.56 a barrel in New York. Oil is down 11 percent this year and 58 percent from a year ago. Weighing on prices is speculation U.S. oil stockpiles increased for the 18th time in 20 weeks as the global recession curbed demand. Oil supplies probably climbed 2.5 million barrels last week, according to the median of seven analyst estimates in a Bloomberg News survey. Gasoline supplies probably rose 625,000 barrels. U.S. fuel use has declined in the past year as the economy contracted. Supplies at Cushing, Oklahoma, where oil traded on Nymex is stored, climbed 2.5 percent to 34.3 million barrels in the week ended Jan. 30, the highest since at least April 2004, when the department began keeping records for the location.
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LAHORE: Police claimed Monday it captured a suspected person who entered Governor House Punjab secretly and moved him to unknown place for investigation.According to police sources, a suspected person entered Governor House Punjab on Monday evening and reached near residential area however; Close Circuit Television Cameras (CCTV) captured his movements, which helped his arrest.Preliminary investigation revealed the suspect, identified as Munir Ahmed, resided in Shahidra area and was mentally retarded.Meanwhile, police dismissed three security officials, deployed at governor house, for rendering negligence during their duty.
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As Poles reeled in shock Monday after the beheading of a Polish engineer by militants in Pakistan, their government vowed to hunt down his murderers and bring them to justice.
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HYDERABAD: The 265th three-day annual urs celebrations of great Sufi Saint Hazrat Shah Abdul Latif Bhitai (RA) is being started from today (Tuesday) at Bhitshah Town district Matiari. Tens of thousands people from different parts of the country particularly from all districts of Sindh have started arriving in Bhitshah. They will pay homage to great Sufi Saint whose poetry has also been published in national and international languages including Urdu, English and French.His poetry also spread the message of love, peace, affection and brotherhood among the people, which were preached by Islam. The urs celebrations will be commenced with laying of floral wreaths and offering fateha at the tomb of Hazrat Shah Abdul Latif Bhitai. During three daylong celebrations, various provincial departments of Sindh including Culture, Tourism and Auqaf Departments will organise different events including Agro-Industrial Exhibition, Adabi Conference, Sughran-ji-Katchery, Latifi Raag Rehan, Malakhro and Shah Latif Award districtbution.
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COLOMBO: Sri Lanka’’s Mahela Jayawardene on Monday predicted a more competitive Twenty20 world championships in England this year, saying teams were ge
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KARACHI: Placed at number nine in the 11-team Group A ranking, Karachi Whites hit back at Khan Research Laboratories (KRL) by scoring 210 runs for the
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KARACHI: Pakistan Cricket Board chairman Ijaz Butt has accused Javed Miandad of demanding a huge salary and trying to interfere in the national team s
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LAHORETHE incident of mobile phone snatching from a lady MPA outside Punjab Assembly irked opposition members as well as Deputy Speaker Rana M
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LAHOREPUNJAB Chief Minister Muhammad Shahbaz Sharif has said the government is paying special attention on modernization of the current obsole
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PESHAWAR: Chief Minister NWFP Ameer Haider Khan Hoti said on Monday that the ANP leadership had predicted about the present unrest three decades ago b
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