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Oil prices steady as firm demand offsets dollar strength LONDON: Crude oil futures edged up on Monday as firm global demand vied with a strong dollar, but a public holiday in the United States and much of Europe kept trading muted. Front-month Brent crude gained 6 cents to $65.43 a barrel by 1400 GMT, after touching an intraday low of $64.72. US crude was down 30 cents at $59.42 a barrel, after reaching $59.10 earlier in the session. The market drew support from figures showing strong demand across Asia and the United States. "Global oil demand continues to surprise to the upside, with April data showing no signs of slowdown despite a pick-up in prices," Energy Aspects said in a note. Japan's customs-cleared crude oil imports rose 9.1 percent year-on-year to 3.62 million barrels per day (bpd) in April, the Finance Ministry said. In China, crude imports hit a record 7.4 million bpd last month, with healthy car sales ...


Oil prices gain as firm demand outweighs dollar strength CALGARY: Crude oil futures rose on Monday as firm global demand offset a strong dollar, although a holiday in the United States and much of Europe kept trading muted. Front-month Brent crude gained 53 cents to $65.90 a barrel by 1750 GMT, after touching an intraday low of $64.72. US crude was up 8 cents at $59.80 a barrel. The market drew support from figures showing strong demand across Asia and the United States. "Global ...

Oil prices steady as firm demand offsets dollar strength LONDON: Crude oil futures edged up on Monday as firm global demand vied with a strong dollar, but a public holiday in the United States and much of Europe kept trading muted.Front-month Brent crude gained 6 cents to $65.43 a barrel by 1400 GMT, after touching an intraday low of $64.72. U.S. crude was down 30 cents at $59.42 a barrel, after reaching $59.10 earlier in the session.The market drew support from figures showing strong ...

Iran says OPEC unlikely to change output ceiling: Mehr news agency DUBAI: OPEC is unlikely to change its production ceiling when the group meets in June, Iran's Oil Minister Bijan Zanganeh said on Sunday, according to the semi-official Mehr news agency."Lowering OPEC's production ceiling requires consensus between all members ... under current conditions it seems unlikely that the OPEC production ceiling will change," Zanganeh was quoted as saying.Last month, Zanganeh said the producing group should cut its target daily crude production by at least 5 percent, ...

Oil falls back on profit-taking LONDON: Global oil prices fell on Friday, unwinding recent sharp gains that were fuelled by hopes that a global supply glut could end soon, dealers said.US benchmark West Texas Intermediate (WTI) for delivery in July dipped 36 cents to $60.36 a barrel.Brent North Sea crude for July reversed 45 cents to stand at $66.09 a barrel in London midday deals."Crude oil prices are retreating today, seemingly on profit-taking ahead of the long weekend," said analyst ...

Oil prices gain on US stockpiles report LONDON: Global oil prices rose further on Thursday as falling US crude stockpiles and production boosted hopes of an easing in the global supply glut, analysts said.US benchmark West Texas Intermediate (WTI) for delivery in July rose $1.72 to $60.70 a barrel.Brent North Sea crude for July gained $1.59 to stand at $66.62 a barrel in late afternoon deals in London."Prices are continuing their recovery, receiving tailwind from the inventory data published by the US ...

Oil prices gain on US stockpiles report LONDON: Global oil prices rose further on Thursday as falling US crude stockpiles and production boosted hopes of an easing in the global supply glut, analysts said.US benchmark West Texas Intermediate (WTI) for delivery in July rose 56 cents to $59.54 a barrel.Brent North Sea crude for July gained 64 cents to stand at $65.67 a barrel in late morning deals in London."Prices are continuing their recovery, receiving tailwind from the inventory data published by ...


 



 
Index Closing Chg%
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Arrow S&P 2,104.20 1.03
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Arrow DAX 11,625.13 1.61
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyApril
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln