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US September crude ends higher at expiry, Brent slumps NEW YORK: Expiring front-month US crude prices settled higher on Thursday in volatile trading after slumping to a fresh 6-1/2-year low as a supply glut and concerns about China's economy pressured Brent crude.A weaker dollar and the formation of the first hurricane of the 2015 Atlantic season were supportive to crude, even with Hurricane Danny still far from affecting any land or oil infrastructure.U.S. futures retested support near $40 a barrel early in the session, falling to their lowest level since 2009, and Brent fell to a fresh October contract low above $46 a barrel as a global supply glut and concerns about sputtering growth in China continued to weigh on oil prices.In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan shed 1.5 percent to a two-year low, as anxiety about global economic growth pressured equities in Europe and the United States."Global equities are a negative price driver for ...

Oil market ducks close to $40 LONDON: Oil prices fell close to $40 per barrel on Thursday, striking a new 6.5-year low on supply glut woes, before turning mixed.US benchmark West Texas Intermediate for September delivery struck $40.21 per barrel, the lowest level since March 2009. It later rebounded slightly to trade at $41.04, up 24 cents from Wednesday's close.Brent North Sea crude for October delivery meanwhile hit $46.31 a barrel, a point last seen in mid-January and not far off ...

US oil may fall to $39.30 SINGAPORE: US oil may test a support at $40.15 per barrel, a break below which will cause a loss to the next support at $39.30.These supports are identified respectively as the 538.2 percent and 561.8 percent Fibonacci projection levels of a downtrend from the June 30 high of $59.69. Wave pattern shows that oil is riding on an extended wave 5, the bottom of which is somewhat difficult to be predicated.Resistance is at $41.01, the ...

Asia-Pacific Crude-Sokol supported by Chinese demand SINGAPORE: The Asia-Pacific crude market remained under pressure from ample supply, although slightly higher refinery margins and limited arbitrage inflows provided some support.Chinaoil, the trading arm of PetroChina, bought two October-loading Sokol cargoes, traders said. One was purchased from Itochu at $2.80 a barrel and one from ONGC in a tender, they said. The price for the latter cargo was unclear.Traders were awaiting the result of a tender by Malaysia's Petronas to sell a cargo ...

Oil prices fall ahead of US stocks data SINGAPORE: Oil prices fell in Asia Wednesday, giving up meagre gains in the previous session as investors await a US inventory report to gauge demand in the world's top economy. US benchmark West Texas Intermediate for September delivery fell 17 cents to $42.45 a barrel and Brent crude for October dipped 23 cents to $48.58 a barrel in late-morning Asian trade.Both contracts eked out modest rebounds in closing deals in New York on Tuesday.But analysts ...

Oil prices higher ahead of US inventory data NEW YORK: Oil prices rose modestly Tuesday as traders looked ahead to weekly US commercial inventory data that could shed insights into demand in the world's largest consumer of crude oil.US benchmark West Texas Intermediate for September delivery closed at $42.62 a barrel on the New York Mercantile Exchange, up 75 cents from Monday's settlement.Brent North Sea crude for October, the international benchmark, spent most of the day in the red but managed to eke ...

Brent oil's target at $47.71 remains intact SINGAPORE: A bearish target at $47.71 per barrel remains unchanged for Brent oil, as indicated by a Fibonacci projection analysis and a triangle.The contract is still riding on a wave C, which is the third leg of a trend that developed from the May 6 high of $69.63. This wave has traveled below a support at $48.98, the 200 percent level, and the next support will be at $47.71, the 214.6 percent level.The triangle forming ...


Index Closing Chg%
Arrow DJIA 17,131.86 0.28
Arrow Nasdaq 4,838.65 0.17
Arrow S&P 2,017.46 0.13
Arrow FTSE 6,371.18 0.70
Arrow DAX 10,119.83 0.23
Arrow CAC-40 4,688.70 0.27
Arrow Nikkei 18,438.67 1.67
Arrow H.Seng 22,730.93 1.21
Arrow Sensex 26,904.11 0.65

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Banking Review 2014

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-1.988 bln
Exports $1.835 bln
Imports $3.823 bln
WeeklyOctober 08, 2015
Reserves $20.05 bln