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Brent rises above $110 as global economic outlook glows SINGAPORE: Brent rose above $110 a barrel on Friday, buoyed by upbeat business surveys that suggested the global economy is on the mend and kindled hopes for higher fuel demand.The data showed manufacturing activity in the United States and China rose to multi-month highs while growth in the euro zone was better than expected, pointing to a potential uptick in world oil consumption."We've got a much better global demand outlook and that's the medium- to long-term driver for oil prices," said Michael McCarthy, chief market strategist at CMC Markets in Sydney.Brent crude for October rose 40 cents to $110.30 a barrel by 0237 GMT, although it is likely to stay flat this week after a 2 percent gain last week.US crude edged up 20 cents to $105.23, but remained on track for a 2 percent drop this week on signs that companies are actively diverting oil to the contract's delivery ...

Oil edges up on strong China, Euro zone data NEW YORK: Oil prices on both sides of the Atlantic edged higher on Thursday as data from the United States, China and the euro zone kindled hopes for better demand from three of the world's largest energy consumers, and as oil exports from Libya stayed limited by strikes and unrest.US manufacturing activity hit a five-month high in August as hiring picked up and new orders increased at their fastest pace since January, an industry report ...

UK gas prices firm on Norwegian maintenance LONDON: British gas prices rose on Thursday morning as the system opened slightly undersupplied.Gas for delivery the next day was trading around 64.65 pence per therm at 0845 GMT, up 0.5 pence since Wednesday morning. Prices for delivery within the day also rose 0.5 pence, to 64.50 pence.Traders said the firm prices resulted from ongoing Norwegian maintenance, with the restart of the Kollsnes processing plant having been pushed back to Aug. 24.Britain's gas demand on ...

Oil rises towards $110 on strong China, euro zone data LONDON: Brent crude rose towards $110 a barrel on Thursday as upbeat data from China and the euro zone kindled hopes for better demand from two of the world's largest energy consumers, and as oil exports from Libya stayed limited by strikes and unrest.Business activity across the euro zone has picked up this month at a faster pace than expected, surveys showed, led by Germany as it benefited from growing demand for its exports.Activity in ...

Oil prices slip in Asian trade SINGAPORE: Oil prices retreated in Asian trade Thursday on easing concerns about Middle East supply, while minutes from the US Federal Reserve were unable to shed any new light on the future of its stimulus programme. New York's main contract, West Texas Intermediate (WTI) for delivery in October, slipped two cents to $103.83 in mid-morning trade, and Brent North Sea crude for October dipped 19 cents to $109.62. "The drop in crude oil prices could ...

US natgas futures end higher on hot weather in Northeast, Midwest NEW YORK: US natural gas futures, supported by hot weather in the Northeast and Midwest this week, ended slightly higher on Wednesday, but some technical selling and expectations for another bearish inventory report helped limit the upside."We have a little heat this week and it might stick around next week in the Midwest, but there aren't a lot of other supportive fundamentals. I have my doubts about this run up," a West Coast-based trader said, ...

China's July Iran crude imports down 12.6pc on year BEIJING: China's average daily crude imports from Iran fell 12.6 percent in July from the same month last year, data from the General Administration of Customs showed on Wednesday.China, Tehran's largest oil customer, bought 1.687 million tonnes of crude from the Middle East nation in July, or about 397,261 barrels per day.For the first seven months of the year, imports fell 3.5 percent over a year earlier at 12.205 million tonnes, or around 420,267 bpd, ...


Index Closing Chg%
Arrow DJIA 17,172.68 0.62
Arrow Nasdaq 4,527.69 1.14
Arrow S&P 1,994.29 0.80
Arrow FTSE 6,773.63 0.94
Arrow DAX 9,749.54 0.51
Arrow CAC-40 4,442.55 0.42
Arrow Nikkei 16,205.90 0.71
Arrow H.Seng 23,955.49 1.44
Arrow Sensex 27,206.74 0.43

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln