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Middle East Crude-Lighter grades supported SINGAPORE: Robust refinery demand for lighter grades supported the Middle East crude market, while DME Oman continued to recover, traders said on Thursday.India's Reliance will deliver one Upper Zakum cargo to Shell after selling two January Dubai partials to the oil major at around $39.70 a barrel, a trader said. The refiner also sold one January Dubai partial to Trafigura.Demand for condensate was supported by strong naphtha cracks. Qatar's Tasweeq may have sold at least one cargo of deodorised field condensate (DFC) for January loading in its tender at more than $4 a barrel above Dubai quotes, traders said.That would be up from premiums of around $2.50 a barrel for cargoes traded ahead of the tender, they said.Sellers of Abu Dhabi flagship grade Murban were asking around 55 cents per barrel or more above its official selling price (OSP) amid short supply, but no deals were heard, traders said.Shipments of ...

Asia-Pacific Crude-Refinery demand supports Malaysian grades SINGAPORE: The Asia-Pacific crude market was supported by strong refinery demand and high freight rates, traders said on Thursday.Malaysia's Petronas sold 300,000 barrels of January-loading Labuan crude to an unknown buyer at $4.50-$4.70 a barrel above dated Brent, traders said, up as much at $1 a barrel from the previous month.The value of Malaysia's Kimanis also rose by the same margin, after the state-owned company also sold two January cargoes to unknown buyers at slightly ...

Oil rises slightly as bargain hunters inch into market LONDON: Oil prices rose slightly on Thursday with some investors keen to buy at what they perceive to be bargain levels, but persistent gluts of crude and refined fuel kept gains slight.Brent crude futures were up 23 cents at $44.37 a barrel by 0908 GMT.International benchmark Brent is still down more than 10 percent this month and 22 percent this year, having slumped from as high as $115 in 2014. "People are seeing oil at ...

US oil may continue to hover above $40.02 SINGAPORE: US oil may continue to hover above a support at $40.02 per barrel and seek a chance to retest a resistance at $41.83, as indicated by its wave pattern and a Fibonacci projection analysis.The support is provided by the 100 percent Fibonacci projection level of downward wave c, the third wave of a three-wave cycle from the Oct. 9 high of $50.92.The bullish divergence on the hourly RSI suggest a completion of this wave. ...

Oil prices up on France IS strikes, US stockpiles data SINGAPORE: Oil prices rose in Asian trade Thursday as Europe struck back against the Islamic State (IS) group after the Paris attacks and US crude stockpiles registered a mild rise, analysts said.The Federal Reserve's broadly upbeat summary of the US economy also lifted confidence, with most markets in Asia advancing after a rally on Wall Street."Strikes against the Islamic State could worsen the geopolitical tensions in the oil-producing Middle East region and this supports crude ...

West Africa Crude-Smaller Angola export plan fails to stem losses LONDON: Angola's low January export programme was little salve to differentials, traders said, as the market grappled with a backlog of unsold cargoes. The programme of 1.46 million barrels per day (bpd), the lowest since 2011, is also expected to grow with the addition of Plutonio cargoes. Thus far, there are no cargoes of Plutonio on the schedule, compared with four in December, and there were no known maintenances impacting the stream. Additionally, several cargoes, ...

Oil down as US stockpiles near record highs NEW YORK: Oil fell as much as 1 percent on Wednesday, with US crude snapping the $40-a-barrel support, as traders looked beyond a mildly positive report on US crude inventories to focus instead on a global supply glut. The US Energy Information Administration said crude inventories rose 252,000 barrels last week versus the build of nearly 2 million barrels forecast by analysts in a Reuters poll. Industry group American Petroleum Institute had anticipated a draw ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,337.64 0.96
Arrow DAX 11,169.54 2.15
Arrow CAC-40 4,892.99 1.51
Arrow Nikkei 19,847.58 0.39
Arrow H.Seng 22,498.00 0.40
Arrow Sensex 25,775.74 0.17

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
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WeeklyNovember 23, 2015
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