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Brent rises above $115 as US Syria strike plan passes first hurdle SINGAPORE: Brent futures inched higher on Thursday, holding above $115 a barrel, as President Barack Obama's efforts to win backing for a military strike against Syria cleared its first hurdle and with strong auto sales boosting the demand outlook for oil.Prices are unlikely to rise much given expectations that a strike on Syria will be short and limited, unless the situation gets out of control, and key producers of oil in the Middle East get dragged into the conflict.Gains may also be limited as investors await details on the US Federal Reserve's move to roll back its stimulus, which will weigh on commodities.Brent crude rose 21 cents to $115.12 by 0224 GMT, after ending 77 cents lower. US oil rose 25 cents to $107.48 after settling $1.31 down in the previous session."My central view is that Middle East premiums will remain in the market for a while," said Ric Spooner, ...

Oil prices retreat as market awaits Syria action NEW YORK CITY: Oil prices retreated Wednesday before a US Senate panel voted to back a punitive military strike on Syria for its alleged sarin attack the killed hundreds of civilians.US benchmark West Texas Intermediate for October delivery dropped $1.31 to $107.23 a barrel on the New York Mercantile Exchange. European benchmark Brent crude for October delivery fell 77 cents to $114.91 a barrel.Earlier Wednesday, President Obama urged world support for strikes against Syria to ...

Iraq qualifies builders for oil pipe project BAGHDAD: Iraq has pre-qualified 12 companies and joint ventures to build an $18-billion export pipeline to Jordan, the oil ministry said on Wednesday.The plan is to export 1 million barrels per day (bpd) of Iraqi crude to Jordan, of which 150,000 bpd will supply Jordan's Zarqa refinery.The remainder would be exported through the Red Sea port of Aqaba, reducing Iraq's reliance on the Strait of Hormuz shipping route."It's a pre-emptive plan to absorb higher production ...

Brent holds above $115, Syria concerns stoke supply fears SINGAPORE: Brent crude held above $115 a barrel on Wednesday, close to its highest in almost a week, as US lawmakers' support for military action against Syria rekindled worries over the possible impact on oil supply from the Middle East.President Barack Obama won the backing of key figures in the US Congress, including Republicans, in his call for limited strikes on Syria to punish President Bashar al-Assad for his suspected use of chemical weapons against ...

Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asian trade Wednesday after climbing in New York as concerns over a US-led military strike on Syria returned.New York's main contract, West Texas Intermediate for delivery in October, eased 27 cents to $108.27 in afternoon trade, while Brent North Sea crude for October gained 10 cents to $115.78."Brent crude oil prices rallied due to limited global stocks and the support for US President (Barack) Obama's call for military intervention ...

India tells firms to be more adventurous in oil quest NEW DELHI: India foreign minister told energy firms on Tuesday to be more adventurous in searching for oil supplies as a report warned of a likely large rise in the country's fuel import needs.Oil imports already make up 75 percent of consumption, a dependence which has caused India's current account deficit to soar and prompted a crash in the value of the rupee.Import dependence is seen rising to at least 90 percent within two decades, ...

Oil twitches higher on Middle East nerves LONDON: Oil futures gained on Tuesday after an Israeli missile test in the Mediterranean jangled traders' nerves on edge over any wider conflict in the region threatening already stretched supplies.Brent crude was up 79 cents at $115.12 a barrel at 1053 GMT. US oil fell 42 cents to $107.23 from Friday's settlement, as due to the Labor Day holiday there was no Monday settlement for the US benchmark.Brent rose by more than $1 per barrel ...


Index Closing Chg%
Arrow DJIA 16,804.71 1.40
Arrow Nasdaq 4,422.09 1.59
Arrow S&P 1,946.16 1.32
Arrow FTSE 6,557.52 0.98
Arrow DAX 9,382.03 0.97
Arrow CAC-40 4,365.27 1.15
Arrow Nikkei 16,082.25 0.56
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,567.99 0.23

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