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Oil prices fell on Thursday after six days of gains, as concerns that escalating tension in the Middle East could disrupt supply faded, and the focus returned to a persistent market glut. Brent crude was down 77 cents at $45.40 a barrel at 1410 GMT. West Texas Intermediate (WTI) futures were 32 cents lower at $42.72 per barrel after the US crude rose to $43.30 earlier in the session.

China's commercial crude oil stocks at the end of October fell 4.4 percent from the previous month in their biggest drop since at least 2010, and refined fuel stocks were down 8.5 percent, the official Xinhua News Agency reported on Thursday. Diesel led the drop in fuel stocks with a 14 percent decline, falling for the third consecutive month to the lowest level this year amid growing exports and the prime fishing season, China Oil, Gas & Petrochemicals (OGP), a Xinhua oil and gas newsletter, said.
Tensions between Moscow and Kiev ratcheted up further Wendesday as Ukraine decided to stop buying any more gas from Russia and closed its airspace to its giant eastern neighbours' airlines. Ukraine on Wednesday banned all Russian airlines from crossing its airspace in the latest escalation between the two neighbours 19 months into the separatist war in the east of the former Soviet state.
Crude futures steadied on Wednesday, recovering from the lows of the day, after a smaller-than-expected supply build in the United States and drop in the number of US rigs actively drilling for oil. Traders and investors also appeared to be avoiding big new bearish positions in US crude ahead of Thursday's market close for the Thanksgiving holiday, analysts said.
Tensions between Moscow and Kiev ratched up further Wednesday as Ukraine decided to stop buying gas from Russia and closed its airspace to its giant eastern neighbour''s airlines. The two measures not only underscore the acrimonious nature of the former Soviet countries'' relations but also highlight how difficult one of Europe''s deadliest crises since the Balkans Wars of the 1990s may be to resolve.
US natural gas futures were little changed on Tuesday as the latest forecasts for cooler weather and higher heating demand over the next two weeks offset potential declines from the expiration of the front-month options.
Egypt has secured a first tranche of financing for an 8 billion euro ($8.5 billion) plan for power plants to be built by Germany's Siemens, the company and electricity ministry said. The deal, which calls for three combined-cycle power plants with a capacity of 4,800 megawatts each, plus 12 wind farms, was signed in June and marked the single-biggest order in Siemens' history. It is designed to boost Egypt's electricity generation by 50 percent.


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,393.13 0.88
Arrow DAX 11,320.77 1.35
Arrow CAC-40 4,946.02 1.08
Arrow Nikkei 19,944.41 0.49
Arrow H.Seng 22,488.94 0.04
Arrow Sensex 25,958.63 0.71

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln