Crude Oil Price

India Infoline News Service / 10:48 , Mar 18, 2011

Crude for April delivery gained as much as US$2.24 to US$103.66 a barrel, in electronic trading on the New York Mercantile Exchange, and was at US$102.95 at 12:22 p.m. Sydney time.

Crude oil prices rose on Friday in New York after the United Nations Security Council voted in favour of a resolution to impose a 'no-fly-zone' in Libya besides allowing the US and allies to launch military action against Muammar Qaddafi’s forces. Crude for April delivery gained as much as US$2.24 to US$103.66 a barrel, in electronic trading on the New York Mercantile Exchange, and was at US$102.95 at 12:22 p.m. Sydney time. Yesterday, it jumped US$3.44 to US$101.42, the highest close since March 10. Oil prices are up 1.8% for the week and 25% higher than a year ago. Brent crude oil for May settlement climbed US$1.15, or 1%, to US$116.05 a barrel on the London-based ICE Futures Europe exchange. Yesterday, the contract advanced US$4.30, or 3.9%, to US$114.90. United Nations on Thursday authorized the use of “all necessary measures” to protect civilians in Libya, opening the door to air and naval attacks against Gaddafi's men. In a 10 to 0 vote, with five abstentions, the UN Security Council called for an immediate cease-fire in Libya, and approved the establishment of a no-fly zone over Libyan territory. It also cleared the interdiction of ships carrying supplies to Gaddafi’s government. The UN Security Council called for end to military strikes against civilian populated areas, including Benghazi. Oil had climbed yesterday on concern that violence in Bahrain will spill into Saudi Arabia, the world's largest oil producer and exporter. Bahrain declared a state of emergency on March 15 and called forces from neighboring Gulf countries to help quell a month of protests driven by majority Shiites. On March 16, about 1,000 people in Al-Qatif protested, seeking an to Saudi Arabian army's incursion into Bahrain.

Share Market Blog: Subex

Share Market Blog: Subex: "Subex bags multi-million dollar order; stock rises 6% Subex touched an intraday high of Rs 52.55 and an intraday low of Rs 49.50. At 09:57 h..."

Subex

Subex bags multi-million dollar order; stock rises 6%

Subex touched an intraday high of Rs 52.55 and an intraday low of Rs 49.50. At 09:57 hrs the share was quoting at Rs 52.50, up Rs 3.15, or 6.38%.

The company has bagged multi-million dollar order from West Asian Company, reports CNBC-TV18.

It was trading with volumes of 378,506 shares. In the previous trading session, the share closed down 2.66% or Rs 1.35 at Rs 49.35.

Share Price Movement During The Last 12 Months
Period	Price	Latest Price	Gain/Loss (Rs.)	% Gain/Loss
3-Days	50.75	52.50	1.75	3.45
5-Days	52.85	52.50	-0.35	-0.66
7-Days	54.45	52.50	-1.95	-3.58
15-Days	57.90	52.50	-5.40	-9.33
1-Month	61.45	52.50	-8.95	-14.56
3-Month	73.40	52.50	-20.90	-28.47
6-Month	52.50	52.50	0.00	0.00
9-Month	54.50	52.50	-2.00	-3.67
1-Year	61.25	52.50	-8.75	-14.29

Tags: Subex, multi-million dollar order , West Asian Company

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Japan EarthQuake Crisis

BEIJING: The World Health Organisation believes the spread of radiation from a quake-crippled nuclear plant in Japan remains limited and appears to pose no immediate risk to health, the WHO's China representative said on Friday.

"At this point, there is still no evidence that there's been significant radiation spread beyond the immediate zone of the reactors themselves," Michael O'Leary told a group of reporters.

"At the same time, we know that the situation is evolving and we need to monitor closely and see what happens over time. Things can obviously change, and have changed, over this last week."

Japan has been battling for nearly a week to bring under control the overheating Fukushima nuclear plant after it was battered by a massive earthquake and tsunami .

Experts and officials fear a major leak of radioactive substances from the plant could pose a serious health risk, and China and nearby countries have stepped up monitoring of radiation levels.

O'Leary suggested that the impact of such an event on China would be small, but said other factors mattered too.

"The reactors, of course, are quite far from China. The risk of spread depends on several factors. One is obviously the amount of radioactive material, or radionuclides, that are released from the reactor itself. Beyond that are weather and wind conditions that determine," he said.

"As with anything that spreads or can spread out, the farther away you are, the more dispersed it is."

The emergency has sparked panic buying of iodised salt in China, based on the misunderstanding that the iodine it contains could prevent the body's intake of radioactive iodine that could be released in the event of a major explosion at the plant.

But O'Leary said iodine should not be taken indiscriminately or treated as a substitute for supplements administered before or shortly after radiation exposure to reduce the risk of long-term cancer.

"It should not be taken indiscrminately. It does have potential side effects," he said.

"The amount of iodine in salt is very small. It wouldn't be possible to consume enough salt to get a protective dose. In the end, not many people will need iodine supplements."