Forlan named player of World Cup

JOHANNESBURG: Uruguay’s Diego Forlan won the best player of the tournament award after lighting up the World Cup with some wonderful goals that helped his team become South America’s only semi-finalist.

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Forlan named player of World Cup

Forces arrest 280 suspects in Bara

LANDI KOTAL: Around 280 suspects were arrested in Spin Qabar area of Bara in Khyber tribal region, reports said.

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Forces arrest 280 suspects in Bara

Asian stocks lifted by Wall Street, China trade

TOKYO: Asian stock markets rose Monday, lifted by robust Chinese trade figures that eased worries the global recovery is losing momentum.

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Asian stocks lifted by Wall Street, China trade

Oil hovers above $76 in Asian trade

SINGAPORE: Oil prices hovered near $76 a barrel Monday in Asia as investors look to second quarter company earnings reports this week for clues about the strength of the U.

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Oil hovers above $76 in Asian trade

Oil Prices Hovers Below $79

SINGAPORE: Oil prices hovered below $79 a barrel Tuesday in Asia as investors look to crude demand growth in Asia next year to offset a sluggish US economy.

Benchmark crude for December delivery was down 26 cents to $78.64 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $2.55 to settle at $78.90 on Monday.

Traders are trying to anticipate the strength of the global economic recovery and how much crude demand may grow during the next 12 months. Some analysts expect demand in Asia, especially China, will help push prices higher amid a moderate U.S. recovery.

“Demand out of the U.S. will be pretty stagnant, but we’re looking at very healthy demand growth out of Asia,” said Alan Plaugmann, a commodities analyst in Singapore. “I think oil fundamentals will tighten and we’ll retain the bull market.

Plaugmann said he expects crude to reach $100 a barrel during the second or third quarter next year.

In other Nymex trading, heating oil fell 0.75 cent to $2.02 a gallon. Gasoline for December delivery dropped 1.37 cents to $1.97 a gallon. Natural gas for December delivery rose 1.8 cents to $4.63 per 1,000 cubic feet.

In London, Brent crude for December delivery fell 27 cents to $78.49 on the ICE Futures exchange.

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Oil Prices Hovers Below $79 was first posted on November 17, 2009 at 3:20 pm.