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Home >> Business
UPDATED: 08:38, February 16, 2007
Crude prices end little changed on weather forecast
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Crude oil prices ended little changed on Thursday as weather forecast said the U.S. Northeast is to meet above-normal temperatures next week.

The U.S. National Oceanic and Atmospheric Administration said it expects above-normal temperatures next week to end a spate of freezing weather in the Northeast.

Light, sweet crude for March delivery lost a cent to 57.99 U.S. dollars a barrel on the New York Mercantile Exchange.

Brent crude at London's ICE Futures exchange rose 17 cents to 57.60 dollars a barrel.

Crude prices declined more than one dollars a barrel on Wednesday as the U.S. inventories last week declined less than expected.

Source: Xinhua


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