Committed to PEOPLE'S RIGHT TO KNOW
Vol. 5 Num 494 Sat. October 15, 2005  
   
Business


Oil falls below $63


Oil prices fell further in Asian trade Friday after a weekly US government report on petroleum stocks suggested weakening demand, dealers said.

At 10:20 am (0220 GMT), New York's main contract, light sweet crude for delivery in November was down 33 cents to 62.75 dollars a barrel from its close of 63.08 dollars in the United States Thursday.