Crude oil rose above $73 a barrel in New York after an Energy Department report showed an unexpected decline in U.S. gasoline inventories. ``We are back in the bullish mode,'' said Tom Bentz, an oil broker with BNP Paribas Commodity Futures Inc. in New York. ``Gasoline demand is very good, which is pulling everything higher. There was talk that demand was being hurt by high prices, but the last few inventory reports have put an end to that.'' Gasoline stockpiles fell 1.1 million barrels last week, the first decline in nine weeks, the report showed. Demand for the fuel rose 1.2 percent to 9.54 million barrels a day, the highest since August. U.S. gasoline use peaks during the summer months as vacationers take to the highways. The Independence Day holiday on July 4 is the busiest driving period during the summer. ...
http://www.bloomberg.com
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Editor - 09:40:00 06-29-06
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 AU to discuss democracy charter |
| African Union foreign ministers meeting in the Gambian capital, Banjul, are to discuss proposals for a charter on democracy and governance. The charter would aim to make it easier for power to change hands thro.. full News |
Editor - 09:33:00 06-29-06
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| G8 wants Iran to reply next week to nuclear offer |
| The Group of Eight industrialized nations told Iran on Thursday to give a "clear and substantive response" next week to an offer by major powers over its nuclear plans, but Tehran said that was unlikely. Exp.. full News |
Editor - 09:09:00 06-29-06
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| US, Iraqi forces clash with Shi'ite militia |
| Iraqi and U.S. troops battled Shi'ite militiamen in a village northeast of Baghdad on Thursday, and witnesses and police said U.S. helicopters bombed orchards to flush out gunmen hiding in the palm groves.Iraqi.. full News |
Editor - 09:07:00 06-29-06
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| Pakistan rejects Rice poll advice. Told politely to mind our own business. |
| Pakistan does not need "outside" advice on holding democratic and free elections, its foreign ministry says. The statement followed US Secretary of State Condoleezza Rice's recent talks with President Musharraf.. full News |
Editor - 08:59:00 06-29-06
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| Somali Islamist condemns Ethiopia |
| One of the leaders of the Islamist group that has taken control much of southern Somalia has accused Ethiopia of "occupying" Somali territory. Sheikh Hassan Dahir Aweys called for talks on Ethiopia's Ogaden reg.. full News |
Editor - 08:39:00 06-29-06
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