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Oil falls as spotlight returns to growing glut, dollar up LONDON/NEW YORK: Crude oil futures fell back towards $45 per barrel on Wednesday as the dollar gained and investor focus shifted back to a deep global supply glut. Brent was down 57 cents at $45.55 a barrel at 1554 GMT, having touched a low of $45.11. The benchmark hit its highest since Nov. 11 at $46.50 on Tuesday after Turkey shot down a Russian jet. It had risen for five consecutive days, its longest run of positive sessions since April. US West Texas Intermediate (WTI) futures fell 37 cents to $42.50 a barrel, having gained $1.12 to $42.87 on Tuesday. Weekly data from the US Department of Energy showed weekly crude oil stocks up 961,000 barrels versus a forecast rise of 1.2 million barrels, a slightly less bearish figure than expected. However gasoline stockpiles rose faster than expected and distillate inventories gained in the face of the forecast of a ...

US crude stocks rise, gasoline inventories exceed expectations NEW YORK: US crude stocks rose less than expected last week, while gasoline and distillate inventories also increased, data from the Energy Information Administration showed on Wednesday. Crude inventories rose by 1 million barrels in the last week, compared with analysts' expectations for an increase of 1.2 million barrels. Crude stocks at the Cushing, Oklahoma, delivery hub rose by 1.744 million barrels, EIA said. Refinery crude runs rose by 304,000 barrels per day, EIA data ...

Rosneft CEO says calls for non-OPEC output cuts are 'strange' YEKATERINBURG: Igor Sechin, the chief executive of top Russian oil company Rosneft, on Wednesday described calls by OPEC members for non-OPEC members to cut oil output as "strange". Sechin said Rosneft was considering whether to take part in talks with the Organization of the Petroleum Exporting Countries but that no decision had been made. Copyright Reuters, 2015

Bulgaria says Russian gas supplies at normal levels SOFIA: Bulgaria's energy ministry said on Wednesday that Russian gas imports and gas which Moscow pipes through the Balkan country to Turkey, Greece and Macedonia were flowing normally at volumes in line with agreed levels. Russian gas exporter Gazprom said on Wednesday it was halting supplies to Ukraine until Kiev makes a prepayment for supplies and warned of a risk to gas piped to Europe via Ukraine. Bulgaria is almost completely dependent on Russian gas ...

Asia Fuel Oil-Cracks, spreads remain tight as bunker prices climb SINGAPORE: Asia's fuel oil crack for benchmark 180-centistroke rebounded to a discount of $6.79 a barrel on Wednesday, gaining as bunker prices firmed on the possibility of reduced arbitrage volumes from the West next month even as the market remained quiet, traders said.The spread for the benchmark also remained tight, holding around a four-month high, at a discount of $2.75 - a further indication of possible lower arbitrage volumes, traders said."We don't see much arbitrage ...

Oil prices up in Asia SINGAPORE: Oil prices held above $43 a barrel in Asia Thursday after US commercial crude supplies rose at a slower pace while jitters over the shooting down by Turkey of a Russian warplane lingered.Data from the US Department of Energy released Wednesday showed the country's commercial crude supplies rose by 1.0 million barrels for the week ending November 20.The increase for a ninth straight week kept supplies more than 100 million barrels above the five-year ...

Oil prices drop before US data LONDON: World oil prices retreated Wednesday ahead of the latest official reading on crude stockpiles in main consumer United States.Prices had surged Tuesday on heightened geopolitical tensions sparked by Turkey's shooting down of a Russian fighter jet on the Syrian border.Analysts warned that further escalation could affect crude supplies from the oil-producing Middle East, noting however that the world was currently experiencing a supply glut that has caused prices to slump over the past 18 ...


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