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Kenya buys over 560,000 tonnes oil products for April-May SINGAPORE: Kenya's oil importers bought over 560,000 tonnes of oil products for delivery over April to May, slightly less that what they initially sought, industry sources said on Friday.They bought 122,144 tonnes of jet fuel, 279,148 tonnes of gasoil and 164,500 tonnes of gasoline from Vivo Energy, Gapco, Mogas and Kencor, the sources said.They will pay premiums of about $25 a tonne above Middle East quotes for the jet fuel cargoes, premiums between $20 and $48 a tonne over Middle East quotes for the gasoil cargoes and premiums between $11 and $39 a tonne above Mediterranean quotes for the gasoline cargoes.Kenya last bought over 550,000 tonnes of oil products for delivery over March to April.Kenya's economy is highly dependent on gasoil for transport, power production and farming, while many homes still use kerosene for lighting and cooking.Copyright Reuters, 2015


London copper set for 3rd weekly gain as mine supply drops MELBOURNE: London copper fell on Friday but was set for its third straight weekly climb, supported by mine closures in key producer Chile due to heavy rains and a slow pick-up in seasonal demand from top consumer China."Copper has had a pretty good run over the past month, leading the complex as usual," said analyst Daniel Hynes of ANZ in Sydney. "But if we're going to see any sustainability in this rally, we'd want some ...

Palm drops, tracking reverse in oil prices JAKARTA: Malaysian palm oil futures fell on Friday, tracking oil prices which reversed after a rally on Thursday due to conflict concerns in the Middle East."The cause of this morning's drop is that the crude oil rally halted and eased from yesterday's highs," said a trader with a local commodities brokerage based in Kuala Lumpur.Brent prices shot up nearly 6 percent on Thursday, but then fell more than $1 on Friday as traders estimated that ...

Sugar flirts with 6-year low, arabica coffee extends gains NEW YORK/LONDON: Raw sugar futures tested the prior session's six-year low in thin trade on Thursday, under pressure from a strengthening dollar, abundant supplies and light physical demand, while arabica coffee extended gains. New York cocoa futures eased, pressured by the weak sterling, and bucking the session's higher trend in larger commodity markets after Saudi Arabia and its Gulf Arab allies began air strikes on Yemen. Raw sugar fell as the dollar strengthened, with traders ...

CBOT soybeans drop for third straight day CHICAGO: Chicago Board of Trade soybean futures fell for the third day in a row on Thursday, pressured by a firm dollar and expectations that a key government report next week will show that US farmers plan huge sowings of the oilseed.Soymeal also fell while soyoil firmed on a rally in the crude oil market.Declines in soybeans were limited by technical support for the benchmark May contract at its 10-day moving average as well as ...

CBOT corn hits 5-week high, then falls on dollar rebound CHICAGO: Chicago Board of Trade corn futures jumped to the highest levels since Feb. 20 on Thursday, then reversed course to shed about 1 percent on pressure from investor profit taking tied to a rebound in the dollar, traders said.The dollar index was up 0.4 percent after earlier falling to a three-week low. The dollar is still hovering near a 12-year peak against a basket of currencies, making goods priced in the greenback less attractive ...

CBOT wheat tumbles on poor exports, rebound in dollar CHICAGO: Front-month wheat futures on the Chicago Board of Trade fell 3.8 percent on Thursday, the most since July, and closed below $5 a bushel on disappointing weekly US export data and an upturn in the US dollar, traders said.Technical selling accelerated as CBOT March wheat fell through support at its 50-day moving average near $5.15.K.C. hard red winter and MGEX spring wheat futures also ended lower. All three markets sank to session lows in ...


 



 
Index Closing Chg%
Arrow DJIA 17,678.23 0.23
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Arrow S&P 2,056.15 0.24
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Arrow DAX 11,843.66 0.18
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln