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Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Thursday ahead of the release of fresh US economic data, while investors are optimistic following a report that Washington is to lift a decades-old crude export ban.US benchmark West Texas Intermediate rose 18 cents to $106.68 while Brent eased eight cents to $113.92 in afternoon trade. Analysts said prices were tracking gains in equity markets following a positive lead from Wall Street, despite data on Wednesday showing the US economy fell at a 2.9 percent annual pace in the quarter to March, worse than previous estimates. French lender Credit Agricole said investors are looking beyond the report as "recent healthy economic releases suggest a substantial rebound" in the second quarter.Investors will next be scrutinising a slew of latest economic figures, including personal income, personal spending and initial jobless claims data out later Thursday for further clues about the US economy, it said.Singapore's United ...
Brent drops below $114 as worries ease over Iraq supply threat SINGAPORE: Brent crude fell below $114 a barrel on Thursday as most of Iraq's oil output remained unaffected by the militant insurgency in the country, although worries over the conflict kept a floor under prices. Iraq's southern oilfields, which produce the majority of the country's 3.3 million barrels a day, remained safe, said Nickolay Mladenov, United Nations special envoy to Iraq. But insurgents and Iraq government forces continued to fight on Wednesday for control of ...
China shares higher in morning trade SHANGHAI: Chinese stocks were higher in morning trade Thursday, in line with rises in US stocks overnight, dealers said.The benchmark Shanghai Composite Index rose 0.19 percent, or 3.88 points, to 2,029.38.The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.29 percent, or 3.12 points, to 1,067.35.Copyright AFP (Agence France-Presse), 2014 ...
Asia Naphtha: India BPCL's sales premium drops at least 35pc SINGAPORE: India's Bharat Petroleum Corp Ltd has sold a July naphtha cargo from Mumbai to oil major Shell at about $26 a tonne above Middle East quotes on a free-on-board (FOB) basis, traders said on Thursday.This reflected a 35 to 37 percent drop in sales premium for BPCL as it had previously sold a cargo for June 21-23 loading from the same port to PetroChina at $40 to $41 a tonne to Middle East quotes ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Thursday ahead of the release of fresh US economic data, while investors are optimistic following the a report that Washing is to lift a decades-old crude export ban.US benchmark West Texas Intermediate rose 13 cents to $106.63 while Brent crude eased two cents to $113.98 in mid-morning trade. Analysts said prices were tracking gains in equity markets following a positive lead from Wall Street, despite data on Wednesday ...

 





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