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Oil dives again as US stockpiles jump NEW YORK: Oil prices sank Thursday after the US government reported a big jump in US crude-oil inventories, reinforcing worries about the long-running global oversupply. After falling more than $1 Wednesday, US benchmark West Texas Intermediate for delivery in December dropped $1.18, or 2.7 percent, to $41.75 a barrel on the New York Mercantile Exchange, a fresh low since late August.Brent North Sea crude for December delivery, the global benchmark for oil, finished trade at $44.06 a barrel in London, down $1.75 (3.8 percent) from Wednesday's closing level.The US Department of Energy reported that commercial crude inventories last week grew by 4.2 million barrels, far higher than analyst expectations of an increase of 1.3 million barrels.The increase brought US stockpiles to less than five million barrels from their record high, and US crude-oil production continued to ramp up, the DoE said."Production remains at pretty good level here in the US ...

US crude stocks up for 7th week; imports, distillates rise NEW YORK: US crude stocks rose last week as imports jumped, while swollen gasoline stocks decreased and distillates unexpectedly rose as refiners hiked output, data from the Energy Information Administration showed on Thursday.Crude inventories rose by 4.2 million barrels to 487 million in the last week, compared with analysts' expectations for an increase of 1.0 million barrels. Stockpiles have now risen for seven consecutive weeks, nearing a record high above 490 million barrels touched in ...

Oil at 2-1/2-month low on OPEC surplus worry, US inventories NEW YORK: Crude prices hit 2-1/2 month lows on Thursday after the U.S. government reported a stockpile build four times above market expectations and OPEC said its current output could result in a daily surplus of more than 500,000 barrels by next year.Crude futures fell about 3 percent after the U.S. Energy Information Administration said stockpiles rose by 4.2 million barrels last week, citing higher imports. Distillate inventories also climbed unexpectedly as refiners hiked output.The ...

Oil steadies on gasoline demand, technical buying LONDON: Oil prices steadied on Thursday at around $46 per barrel, as demand for gasoline and technical buying after a sharp fall the previous day offset worries about a large global supply glut. Brent crude futures were $45.83 by 1039 GMT, up 2 cents following a 3.4 percent fall on Wednesday. Gasoline margins in Europe have tripled since mid-October as low prices boosted consumption. Demand is also strong in the United States, where gasoline importers ...

Iran eyes 2016 oil output at 4.3mn bpd MOSCOW: Iran hopes to reach oil production of 4.3 million barrels per day (bpd) in 2016 once the lifting of international sanctions takes effect, Iranian Deputy Energy minister Houshang Falahatian told Reuters in Moscow on Thursday. He was part if Iranian delegations, which is taking part in an intergovernmental meetings in Russia. He said that 1.8 million barrels per day will be available for domestic consumption in 2016, while the rest will be exported. The ...

Oil prices bounce back in Asia but demand woes linger SINGAPORE: Oil prices rose in Asia Thursday, bouncing back from a sharp fall the day before but expectations of another build in US crude inventories cast a shadow on the market.Traders are waiting for the release later Thursday of data by the US Energy Information Administration (EIA) showing the country's commercial stockpiles for an indication of demand in the world's top crude consumer.Release of the data comes a day later than usual because of the ...

Oil near 2-month low on worries of growing US crude stockpiles NEW YORK: Oil prices fell more than 2 percent on Wednesday to their lowest since mid-September on worries that U.S. government data will show a seventh weekly build in crude inventories.U.S. crude stocks jumped 6.3 million barrels last week, powered by a big rise at the Cushing, Oklahoma, delivery point as higher imports offset increased refinery runs, data from industry group the American Petroleum Institute showed late on Tuesday.Analysts in the Reuters poll had forecast ...


Index Closing Chg%
Arrow DJIA 17,812.19 0.11
Arrow Nasdaq 5,102.81 0.01
Arrow S&P 2,089.14 0.12
Arrow FTSE 6,277.23 0.45
Arrow DAX 10,933.99 1.43
Arrow CAC-40 4,820.28 1.41
Arrow Nikkei 19,879.81 0.23
Arrow H.Seng 22,587.63 0.35
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%
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WeeklyNovember 23, 2015
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