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Oil prices slip to just above US$60 a barrel
Published in Saudi Press Agency on 07 - 11 - 2005


Crude futures fell Monday to just above
US$60 a barrel with warmer-than-usual weather across much
of the United States easing concerns about winter heating
fuel demand.
Mid-afternoon in Singapore, light, sweet crude for
December delivery fell 39 cents to US$60.19 a barrel in
Asian electronic trading on the New York Mercantile
Exchange. The contract lost US$1.20 to settle at US$60.58 a
barrel Friday.
December Brent crude futures in London's ICE Futures
exchange fell 13 cents to US$59.12 a barrel, the Associated Press reported.
Nymex December heating oil fell 1.62 cents to US$1.7800 a
gallon (3.8 liters) while gasoline declined 1.35 cents to
US$1.5945.


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