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New York oil ducks under $50 LONDON: World oil prices slipped Tuesday with US crude ducking under $50 as demand took a hit from the looming return of Iranian supplies and the strong US currency, analysts said.Expectations of more Iranian crude flooding the oversupplied global market within months after a landmark nuclear deal continue to drag the oil market lower.Brent North Sea crude for September delivery nudged four cents lower to stand at $56.62 a barrel nearing midday in London.US benchmark West Texas Intermediate for delivery in August ducked below $50 per barrel for the first time in more than three months.The contract later stood at $50.11 a barrel, also down four cents from Monday's closing level."Most of the movement that we're seeing now in oil prices mainly comes from the dollar strength," said Daniel Ang, analyst with Phillip Futures in Singapore.The dollar got a boost after Federal Reserve chair Janet Yellen last week stuck to ...


Oil prices fall further on strong dollar, WTI below $50 SINGAPORE: Oil prices fell further in Asia Tuesday, with US crude falling below $50 a barrel as demand for the dollar-priced commodity takes a hit from a strong US currency, analysts said. Expectations of more Iranian crude flooding the oversupplied global market within months following a nuclear deal also continue to drag prices lower. US benchmark West Texas Intermediate (WTI) for August delivery fell 20 cents to $49.95 and Brent crude for September dropped 14 ...

Oil drops on concerns of glut in refined products LONDON: Oil dropped on Monday as signs of a growing glut in refined products outweighed a fall in Saudi crude exports and slower U.S. rig activity.Crude prices have fallen for three weeks in a row on expectations of increased oil sales from Iran following a deal to ease sanctions against the OPEC producer.Brent crude for September was down 35 cents at $56.75 a barrel by 1100 GMT. The benchmark fell nearly 3 percent last week ...

Oil dips on strong dollar, supply fears LONDON: World oil prices fell further Monday on a stronger dollar and concerns that a supply glut will worsen following a landmark deal which will allow Iran to increase its crude exports.Brent North Sea crude for September delivery dropped 48 cents to $56.62 a barrel nearing midday London trade.US benchmark West Texas Intermediate for delivery in August shed 17 cents to $50.72 a barrel compared with Friday's close.In foreign exchange deals, the dollar hit its ...

Oil steadies as Saudi crude exports fall LONDON: Oil prices steadied on Monday after data showing a sharp drop in Saudi Arabia's crude oil exports balanced signs of rising refined products stocks. Brent crude for September was 5 cents up at $57.15 a barrel by 0825 GMT. The benchmark fell nearly 3 percent last week and is down more than 10 percent so far this month.US crude futures for August, also known as West Texas Intermediate (WTI), were up 5 cents at ...

Oil prices down in Asia on strong dollar, supply worries SINGAPORE: Oil prices declined in Asia Monday on a stronger dollar and concerns a supply glut will worsen following a landmark deal that will allow Iran to increase its crude exports.US benchmark West Texas Intermediate (WTI) for August delivery fell 26 cents to $50.63 and Brent crude for September dipped 20 cents to $56.90 a barrel in afternoon trade.The dollar was firm in Asia on Monday with investors focussing on the timing of a US ...

Oil prices edge up, but glut fears cap gains HONG KONG: Oil prices edged up Friday but gains were tempered by ongoing concerns about a global supply glut and a pick-up in the strength of the dollar.US benchmark West Texas Intermediate for August delivery rose five cents to $50.96 a barrel and Brent crude for September, a new contract, advanced 16 cents to $57.08. Crude investors continue to fret as the global economy struggles to get back up to speed, despite a strong pick-up ...


 



 
Index Closing Chg%
Arrow DJIA 17,598.20 0.52
Arrow Nasdaq 5,115.38 0.25
Arrow S&P 2,098.04 0.25
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Arrow DAX 11,443.72 1.19
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune-July
Trade Balance $-22.095 bln
Exports $23.885 bln
Imports $45.980 bln
WeeklyAugust 03, 2015
Reserves $18.536 bln