** People rescuing an injured passenger from inside a passenger bus hit by a truck on Dhaka-Mawa Expressway in Shologhar area of Shreenagar upazila in Munshiganj on Thursday. ** Motorcycles allowed on Padma Bridge after 10 months ** Commuters charge extra fare, passengers disappointed ** 78 people killed in Yemen stampede ** Moon sighting committee meets today to ascertain Eid day ** 9 killed in road accidents in 3 districts ** US announces new $325 m military aid package for Ukraine ** Eid-ul-Fitr in Saudi Arabia today ** Eid exodus begins ** LPG price cut illusive ** 15 hurt as bus overturns in capital ** New interbank cheque clearing timings set for Eid holidays ** Four women hit by a train die in Tangail ** 12.28 lakh SIM users left Dhaka on Tuesday ** Sylhet engineer threatened over power outage ** People rush to village homes to spend Eid holidays with their near and dear ones. This photo was taken from Sadarghat Launch Terminal on Tuesday. NN photo ** Surge in cases of dehydration, diarrhoea amid summer heat wave ** Padma Bridge construction cost increases by Tk 2,412cr ** PM gives Tk 90m to Bangabazar fire victims ** Textile workers block highway demanding wage, Eid bonus ** Attack on PM's motorcade Ex-BNP MP, 3 others get life term ** Load-shedding increases for demand of electricity during heat wave ** Motorbikes to be allowed on Padma bridge from Thursday ** 5-day Eid vacation begins from today ** Take Nangalkot train accident as a warning about negligence of govt functionaries **

Oil prices mixed as Iraq keeps markets on edge

29 June 2014

AFP, New York :
Global oil prices traded in mixed fashion ahead of the weekend Friday, with Brent slightly higher as traders watched developments in the jihadist-led offensive in Iraqi, OPEC's second- largest oil producer.
US benchmark West Texas Intermediate for August settled 10 cents lower at $105.74 a barrel on the New York Mercantile Exchange.
The European benchmark, Brent crude for delivery in August, rose nine cents to close at $113.30 a barrel in London.
"We see something of an uneasy balance in the Brent crude oil market, with worries over the Sunni insurgency and political problems offset for now by indications that crude oil production from the south remains on plan," said Tim Evans of Citi Futures.
A week ago, the pair of futures contracts closed at nine-month highs. WTI prices fell over the week by 1.4 percent and Brent shed 1.3 percent.
On Friday, Iraq's top Shiite cleric urged the country's leaders to unite, after Prime Minister Nuri al-Maliki conceded political measures were needed to defeat the Sunni Arab militant offensive that has killed more than 1,000 people and overrun major parts of five provinces since June 9.
The militants have not reached the Shiite-controlled south, the center of the country's export oil industry.
"If the fighting between Sunni militants and Iraq government forces is restricted to the north of Baghdad, supply disruption fears would ease," said Inenco analyst Nadina Ball.

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