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Brent, US oil fall on strong dollar, continue steep decline NEW YORK: Brent oil slipped below $97 a barrel on Tuesday, hit by dollar strength and ample supply, and U.S crude also fell as both benchmarks headed for the deepest quarterly drop in more than two years.The dollar surged to a four-year high against a basket of currencies and a two-year high against the euro, making oil more expensive for holders of other currencies.Brent for November delivery was down 97 cents at $96.23 per barrel at 11:06 a.m. EDT (1506 GMT). It has lost nearly 14 percent in the third quarter, its biggest quarterly drop since April-June 2012.U.S. crude dropped $1.35 to $93.22 a barrel and was also on track for its biggest quarterly fall since the second quarter of 2012."The dollar strength is pressuring oil across the board," said Andy Lebow, senior vice president at Jefferies Bache in New York, who also noted steady losses in U.S. gasoline futures ...

TSX drops on Hong Kong protests; Encana rises on deal TORONTO: Canada's main stock index dropped on Monday, with every major sector lower, as anxiety over democracy protests in Hong Kong rekindled the bearish sentiment that swept the market last week.One bright spot amid a sea of red was Encana Corp, whose shares jumped 3 percent after the company said it agreed to buy Fort Worth, Texas-based Athlon Energy for $5.93 billion in cash.Hong Kong protesters defiantly stood their ground on Monday in the face ...
Brent slips in choppy trade, supportive data lifts US crude HOUSTON: Brent crude futures eased in choppy trading on Friday on improving supply and concerns about tepid demand for oil in Europe and China, while US crude rose on supportive data from the United States. Slowing economic activity in Europe and Asia has dampened demand for oil, while supply is on the rise. Libya's output has reached 925,000 barrels per day (bpd), the highest since militias turned on each other after the overthrow of Muammar ...
Oil prices mixed; stronger dollar weighs on WTI NEW YORK: Crude oil prices closed mixed Friday, with the WTI futures contract under pressure from a stronger dollar and Brent gaining after Scotland rejected independence from the United Kingdom. US benchmark West Texas Intermediate for October fell 66 cents, closing at $92.41 a barrel.Brent North Sea crude for delivery in November rose 69 cents to settle at $98.39 a barrel in London, recovering from a two-year low earlier this week. The WTI contract weakened ...
US crude falls on worries about glut, Brent flat NEW YORK: US crude oil fell on Friday, on track for its fourth daily decline on continued concerns about ample supply at a time of weak global economic data and fragile demand.Analysts and traders also cited some liquidation of long positions ahead of Monday's expiration of the front-month light-crude contract.Brent crude hovered around $98 a barrel, as talk of possible OPEC production cuts kept the benchmark up from the 26-month lows reached at the start ...
Exxon says US allows it to wind down drilling in Russian Arctic WASHINGTON: US oil major Exxon Mobil said on Friday the US Treasury Department granted it a license to wind down operations on a drilling well in the Kara Sea in the Russian Arctic.US sanctions on Russia over its aggression in the Ukraine seek to stop billions of dollars worth of cooperation between Western and Russian energy companies on oil drilling in Russia's Arctic, in Siberia and offshore.Copyright Reuters, 2014 ...
Oil edges lower on supply glut and strong dollar NEW YORK: Oil traded lower on Thursday, pressured by ample supply and concern over a weakening of demand growth in major consumer nations, as well as by a rise in the U.S. dollar.The decline in the global benchmark Brent price was limited by a drop in Libya's output and talk of OPEC production cuts. Brent hit a 26-month low on Monday after data showing a slowdown in China's factory output raised demand concerns.Meanwhile, the U.S. ...

 



 
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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
WeeklySeptember 25, 2014
Reserves $13.305 bln