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Oil prices down in Asian trade SINGAPORE: Oil prices edged lower in Asia Thursday but losses were limited by a surprisingly upbeat assessment of the US economy by the Federal Reserve, analysts said. US benchmark West Texas Intermediate (WTI) for December delivery eased 30 cents to $81.90 while Brent crude for December fell 23 cents to $86.89 in afternoon trade."Crude oil found some support following a more bullish-than-expected outlook of the US economy by the Federal Reserve," Desmond Chua, market analyst at CMC Markets in Singapore, told AFP.The Fed's policy statement, issued Wednesday after a two-day meeting, cited improving labour market conditions and expressed little concern about low inflation, elements that led analysts to characterise it as more hawkish than expected. As expected, the central bank wound up its quantitative easing stimulus programme while keeping in place plans to maintain ultra-low interest rates well into 2015.Daniel Ang, investment analyst at Phillip Futures in Singapore, said investors ...


No Ukraine-Russia gas deal but talks to continue BRUSSELS: EU-brokered talks to solve a gas dispute between Russia and Ukraine, which threatens to hit parts of Europe this winter, broke up in Brussels without agreement but should resume later Thursday, sources said.The talks, which opened in Brussels on Wednesday, seek to resolve a dispute that has become increasingly fraught since Russia cut supplies to Ukraine in June.Moscow is demanding that the new pro-Western government in Kiev pay sharply higher prices in advance for ...

Crude falls below $82/bbl on strong dollar TOKYO: US crude futures edged below $82 a barrel on Thursday in early Asian trade, pressured by a strong dollar and a supply glut, following overnight gains on the back of a less-than-expected rise in US oil stockpiles.FUNDAMENTALSNYMEX crude for December delivery was down 32 cents at $81.88 a barrel by 0004 GMT, after settling up 78 cents at $82.20 on Wednesday.The market has regained some ground after hitting a more than two-year low of ...

Brent oil targets $90.51-$92.22 range SINGAPORE: A bullish target range of $90.51-$92.22 per barrel has been established for Brent oil as it has cleared a resistance at $86.67.The resistance was provided by the 76.4 percent Fibonacci projection level of a downward wave C that developed from the June 19 high of $115.71. Theoretically, the way has been opened towards the 61.8 percent level of $92.22.Based on the range of $84.12-$87.34, the Oct. 23 low and the Oct. 17 high, a ...

Brent drops below $87 as Fed optimism lifts dollar SINGAPORE: Brent oil futures fell below $87 a barrel on Thursday, pressured by a stronger U.S. dollar after the Federal Reserve painted a brighter outlook for the U.S. economy.The U.S. central bank on Wednesday ended its monthly bond purchase programme and showed confidence in the prospects for the U.S. economy. While that boosts the outlook for demand from the world's top oil user, the dollar is gaining as expectations rise that the Fed could lift ...

Oil prices down in Asian trade SINGAPORE: Oil prices edged lower in Asia Thursday but losses were capped on a surprisingly upbeat assessment of the US economy by the Federal Reserve, analysts said. US benchmark West Texas Intermediate (WTI) for December delivery eased 27 cents to $81.93 while Brent crude for December fell 14 cents to $86.98 in mid-morning trade."Crude oil found some support following a more bullish-than-expected outlook of the US economy by the Federal Reserve," Desmond Chua, market analyst ...

UK gas prices rise as lower Norwegian supplies leave system short LONDON: Prompt natural gas prices in Britain rose on Wednesday morning as lower supplies from Norway led to an undersupplied system.Prices for within-day delivery were trading at 53.70 pence per therm at 0854 GMT, up 1.10 pence since their last settlement. Prices for delivery on Thursday were up 0.2 pence at 52.75 pence per therm.With supply flows at about 181 million cubic metres (mcm) per day on Wednesday and demand expected to be about 219 ...


 



 
Index Closing Chg%
Arrow DJIA 17,195.42 1.30
Arrow Nasdaq 4,566.14 0.37
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln