Just in:  

You are here: Home»Markets»Energy

Markets - Energy


Oil jumps more than 2pc; volatility threatens NEW YORK: Oil prices jumped on Tuesday as a weak dollar lifted commodities denominated in the currency and OPEC slightly raised its forecast for world oil demand growth.Violence in Yemen also boosted oil prices, raising concerns over the security of Middle East crude supplies.The dollar fell on bond market gyrations, making oil and other commodities priced in the greenback more affordable to holders of the euro and other currencies.The Organization of the Petroleum Exporting Countries tweaked its 2015 world oil demand growth forecast to 1.18 million barrels per day (bpd), above a previous estimate of 1.17 million.Saudi-led air strikes aimed at Iran-allied Houthis hit on a rocket base in Yemen capital Sanaa, killing 90 people and wounding 300 ahead of a five-day truce set to begin later Tuesday. While Yemen is a marginal oil producer, its proximity to shipping lanes has raised concerns over supply routes.U.S. crude futures were up ...

Oil rises towards $66 as weaker dollar offsets oversupply concern LONDON: Brent crude futures rose towards $66 a barrel on Tuesday as a weaker dollar and the Yemen conflict helped lift prices. Record high oil output from Saudi Arabia in April failed to dent the move, although Goldman Sachs warned of further oil price declines. June Brent crude was up $1.08 at $65.96 a barrel by 1230 GMT.June West Texas Intermediate (WTI) rose 82 cents to $60.07 a barrel. The dollar was down 0.6 percent ...

Oil prices dip on drilling data NEW YORK: Oil prices dipped Monday as worries about oversupply returned to the forefront with US data suggesting petroleum drilling is picking up in some areas.US benchmark West Texas Intermediate for June delivery slipped 14 cents to finish at $59.25 a barrel on the New York Mercantile Exchange.European benchmark Brent oil for delivery in June fell 48 cents to $64.91 a barrel in London. Commerzbank said surging oil prices had "noticeably slowed" the trend of ...

Oil under pressure on signs of US shale oil recovery NEW YORK: Oil came under pressure on Monday on signs a multi-week rally was encouraging a rejuvenation in already bloated U.S. shale supplies.U.S. crude prices gained on a weekly basis for an eighth straight week last week while Brent had its first profit-taking in five weeks.In a sign the market was responding to those gains, rigs for drilling oil in the voluminous Permian shale basin rose for the first time this year after months of ...

Oil prices retreat on strong dollar LONDON: Global oil prices dipped Monday as investors took their cue from the rebounding dollar, awaited fresh US economic data and digested another Chinese interest rate cut.US benchmark West Texas Intermediate (WTI) for June delivery slid 19 cents to $59.20 a barrel.Brent North Sea crude for June reversed 29 cents to $65.10 per barrel nearing midday in London.The market traded mixed Friday as traders weighed the global oversupply and modest demand."Crude oil prices continued to ...

Prices hold steady, eastern demand muted LONDON: Asian spot liquefied natural gas (LNG) prices for June delivery were steady this week as demand from end users remained subdued, traders said. The price of Asian spot cargoes was unchanged from the previous week at $7.40 per million British thermal units (mmBtu). "There's not an awful lot of end user demand, weather driven demand is not there, Korea, Japan and China end users are not particularly motivated at the moment," said a trader. ...

Oil falls, heads for weekly loss as ample supply weighs NEW YORK: Brent and US crude futures fell on Friday and headed toward weekly losses as ample supply and bulging inventories continued to keep prices in check after a rally to 2015 peaks earlier in the week. "Though the data showed US crude inventories fell last week, the products inventories were up, so it looks like the crude is just being turned into products," said Dominick Chirichella, senior partner at the Energy Management Institute in ...


Index Closing Chg%
Arrow DJIA 18,232.02 0.29
Arrow Nasdaq 5,089.36 0.03
Arrow S&P 2,126.06 0.22
Arrow FTSE 7,031.72 0.05
Arrow DAX 11,815.01 0.42
Arrow CAC-40 5,142.89 0.07
Arrow Nikkei 20,264.41 0.30
Arrow H.Seng 27,992.83 1.70
Arrow Sensex 27,957.50 0.53

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln