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Oil edges up from more than 2-year low, glut caps gains LONDON: Oil edged up from a more than two-year low to near $95 a barrel on Wednesday as a slightly better-than-expected Chinese factory survey countered worries of an economic slowdown in the world's No. 2 oil consumer and ample supplies.Growth in China's manufacturing sector held up in September but remained subdued. The Purchasing Managers' Index (PMI) came in at 51.1, just ahead of forecasts for a 51.0 reading and offering some relief to investors worried about slowing growth.Concern over increasing OPEC oil supply, weak European and Chinese growth and a stronger dollar pushed global benchmark Brent to its lowest since June 2012 on Tuesday, and the same factors are likely to keep a lid on any price recovery."The sentiment remains overwhelmingly bearish at the moment: there is little support for demand, while supply is strengthening," Carsten Fritsch, a commodities analyst at Commerzbank, said.Brent crude was up 26 cents at $94.93 ...


Oil rises from more than 2-year low, glut caps gains LONDON: Oil rose from a more than two-year low to over $95 a barrel on Wednesday as a slightly better-than-expected Chinese factory survey countered worries of an economic slowdown in the world's No. 2 oil consumer and ample supplies.Growth in China's manufacturing sector held up in September but remained subdued. The Purchasing Managers' Index (PMI) came in at 51.1, just ahead of forecasts for a 51.0 reading and offering some relief to investors worried about ...

Brent edges above $95 on relief over China's PMI SINGAPORE: Brent oil futures edged up above $95 a barrel on Wednesday as a positive Chinese economic survey helped the crude benchmark start October firmer after it fell to its weakest level since 2012 in the previous session. Concern over growing oil supply and the dollar's strength pushed Brent down by more than $2 on Tuesday in its biggest single-day drop since January and the same factors are likely to keep a lid on any ...

Asian shares mixed, dollar breaks 110 yen mark HONG KONG: Asian markets were mostly higher on Wednesday with Japan's Nikkei rising after a survey of business confidence showed a surprise pick-up and the dollar broke above 110 yen for the first time in more than six years.The dollar extended its run-up despite disappointing indicators out of Washington on Tuesday, while the euro continues to struggle after eurozone inflation hit a five-year low.Tokyo edged up 0.26 percent by the break and Sydney edged up ...

Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asia Wednesday following sharp falls the day before, with a decline in US consumer confidence and tepid data from China dampening buying sentiment.US benchmark West Texas Intermediate (WTI) for November delivery rose 27 cents to $91.43 a barrel in mid-morning trade and Brent crude advanced 30 cents to $94.97.WTI plummeted $3.41 a barrel and Brent tumbled $2.53 Tuesday owing to a supply glut and a pick-up in the dollar, which ...

Oil slips below $97, hit by dollar strength LONDON: Brent oil slipped below $97 a barrel on Tuesday, hit by dollar strength and ample supply, and was heading for its deepest quarterly drop in more than two years.The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro, making oil more expensive for holders of other currencies.Brent for November delivery was down 33 cents at $96.87 per barrel by 1403 GMT. It has lost nearly ...

Brent, US oil fall on strong dollar, continue steep decline NEW YORK: Brent oil slipped below $97 a barrel on Tuesday, hit by dollar strength and ample supply, and U.S crude also fell as both benchmarks headed for the deepest quarterly drop in more than two years.The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro, making oil more expensive for holders of other currencies.Brent for November delivery was down 97 cents at $96.23 per barrel ...


 



 
IndexClosingChg%
ArrowDJIA 17,042.90 0.17
ArrowNasdaq 4,493.39 0.28
ArrowS&P 1,972.29 0.28
ArrowFTSE 6,622.72 0.36
ArrowDAX 9,474.30 0.55
ArrowCAC-40 4,416.24 1.33
ArrowNikkei 16,173.52 0.84
ArrowH.Seng 22,932.98 1.28
ArrowSensex 26,630.51 0.13





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklySeptember 25, 2014
Reserves $13.305 bln