Prices enter stable phase

Market Review

 With oil prices ruling steady during the past fortnight, the domestic prices of petrol and diesel may not see any change during the price due Saturday.

 However, the international prices of crude are expected to harden later this month because of increased demand from USA and some other western countries during the winter season.

 Temperatures across much of the US are expected to drop below normal later this week which could rev up heating oil demand.

 Confidence in supply security in West Asia has been shaken after an apparent assassination attempt on an Iraqi oil company executive on Monday and a bomb attack in Saudi Arabia