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Brent oil to revisit low of $87.74 SINGAPORE: Brent oil may revisit a low at $87.74 per barrel touched on Monday as the swift recovery of the price from this low may not sustain.The recovery followed a brief piercing below support at $88.49, the June 22, 2012 low. Many stop orders below this level could have been triggered and thus contribute to the recovery.The downtrend has not been reversed, which remains steady within a falling channel. The lower channel line points a potential target between $85 and $86.Oil may not rise again towards the upper channel line resistance around $90, most likely, it could temporarily hover around $88.49 before plunging again.The views expressed are his own.No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. Copyright Reuters, ...


China Sept crude oil imports up 7.4pc on year BEIJING: China's crude imports rose a stronger-than-expected 7.4 percent in September from a year earlier, even as demand growth in the world's largest energy consumer remains subdued, suggesting the country may be boosting its reserves, analysts said. The International Energy Agency (IEA) last month revised down its forecast for China's oil demand growth in 2014 for the fourth time this year, estimating demand would rise just 2.4 percent, compared to 3.6 percent predicted in January. ...

Oil falls more than $1 on Kuwait, Saudi signals; China offsets SINGAPORE/SEOUL: Global oil futures lost more than a dollar on Monday after Saudi Arabia and Kuwait signalled ample supplies and their willingness to bear lower prices to defend market share, although better than expected trade data from China pared oil's losses. China's export and import growth unexpectedly trumped forecasts in September, while the world's largest energy consumer increased crude oil imports by 9.5 percent from a month ago, data showed on Monday. "That's very good ...

Oil prices down in Asian trade as weak demand weighs SINGAPORE: Oil prices fell in Asian trade Monday on growing concerns about demand as equities tumble on global growth woes and supplies increase.US benchmark West Texas Intermediate for November delivery fell 94 cents to $84.87 -- its weakest for two years -- while Brent North Sea crude lost 96 cents to a four-year low of $89.25."Prospects for global oil demand growth have weakened recently," British bank Barclays said in a market analysis.It said global oil ...

Shares hit six-month low as growth worries mount LONDON: Global shares fell to a six-month trough and Brent crude futures tumbled to their lowest since 2010 on Friday as investors worried about the prospect of a widespread economic slowdown just as US monetary stimulus nears its end. Assets which depend on economic growth, such as shares and oil, have been hit by a raft of weak indicators from Europe at a time when other big economies, including China, Japan and Brazil face their ...

Oil falls to lowest since 2010 as OPEC ups supplies LONDON: Brent crude oil fell to its lowest since 2010 on Friday, dropping below $90 a barrel as Saudi Arabia said it upped production last month, increasing speculation of an OPEC price war. Fast-rising oil output in North America and tepid economic growth had raised expectations the Organization of the Petroleum Exporting Countries will cut output when it meets in November to stem a near 25 percent price slide since June. But on Friday Saudi ...

Brent at four-year low on global economy fears SINGAPORE: Crude prices tumbled Friday, with Brent hitting a four-year low on concerns about the global economy while the head of the IMF warned the eurozone could slip back into recession.Brent's November contract was trading at $88.40 a barrel in afternoon Asian trade, down $1.65 dollars the day before and at levels last seen in November 2010. US benchmark West Texas Intermediate for November delivery was down $1.92 to $83.85, its weakest level since June ...


 



 
Index Closing Chg%
Arrow DJIA 16,461.32 0.92
Arrow Nasdaq 4,382.85 0.83
Arrow S&P 1,927.11 0.73
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Arrow DAX 8,940.14 0.60
Arrow CAC-40 4,105.09 0.58
Arrow Nikkei 15,195.77 2.64
Arrow H.Seng 23,403.97 1.37
Arrow Sensex 26,787.23 0.80





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 20, 2014
Reserves $13.436 bln