Financial Times

World crude falls, LIOC shares draw interest

World fuel prices, which are on an easing trend, on Wednesday fell to $122.37 per barrel for the Brent variety while the OPEC basket was trading at $121.73, the Central Bank said.

The trend in world prices was also reflected in the Colombo stockmarkets on Wednesday where a large parcel of LIOC shares were traded at a higher price with investors believing that lower crude prices would help to generate more volume sales for LIOC and in turn raise profits.

In the refined products market in Singapore, petrol traded at $124, diesel at $154.50 and kerosene at $156.90.

Top to the page  |  E-mail  |  views[1]
Other Financial Times Articles
Public officials worried over ‘politi cal’ orders
Green taxes to curb pollution
CIMA EGM on Tuesday
CMC ordered to disclose agreements with garbage collectors
AMW- another family company moving out of the family!
JKH ‘mum’ on outcome of board meeting
Governance under siege
‘George Steuart’s MD declared bankrupt by a British Court’ - Right of Reply
AMW changes ownership with Dubai investor
Appeal Court refuses Gold Coin Feed request to discontinue Supplies Manager
Kobian felicitates its top achievers
Supermarkets come together to reduce polythene bag use
Creative Services celebrates silver anniversary
No other power can overpower Man-Power
Ronali Perera wins CIMA Spellmaster
JKH English programme to enhance job prospects for youth
Worst virus attacks on home computers
Office bearers of Indo Lanka Chamber of Commerce and Industry
At NSB, 77 % of profits go to the state


Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2008 | Wijeya Newspapers Ltd.Colombo, Sri Lanka. All Rights Reserved.