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US crude rallies before contract expires after three-day weekend NEW YORK: US crude rallied to a session high above $49 on Friday as traders balanced their positions before the contract expires on Tuesday. The gains may have been due to short covering, said John Kilduff of Again Capital LLC. The market was especially volatile due to the Monday holiday in the US, he said. "There's always some nervousness ahead of a three-day weekend," he said. US front-month crude futures rose by $2.32 to $49.02 by 2:34 p.m. EST (1934 GMT), just ahead of the session close. Brent global rose $1.75 to trade at $51.31. Copyright Reuters, 2015 ...

Oil spikes above $50, global economic woes pare gains NEW YORK: Brent crude spiked above $50 on Wednesday, boosted by the response to a bullish report on consumer sentiment, before paring gains on a strengthening dollar and broader global economic woes. The University of Michigan released a report showing consumer sentiment at its highest level in more than a decade, thanks to low gasoline prices and job gains. While the report was definitely bullish, it was not enough to balance out the rest of ...
Gasoline dampens US inflation; mid-year rate hike in doubt WASHINGTON: US consumer prices recorded their biggest drop in six years in December and a gauge of underlying inflation was flat, which could make the Federal Reserve more cautious about raising interest rates. The Labor Department said its Consumer Price Index fell 0.4 percent last month, the largest decline since December 2008, after sliding 0.3 percent in November. In the 12 months through December, the CPI increased just 0.8 percent, the weakest reading since October ...
Low oil prices will not affect US environmental rules WASHINGTON: Current low oil prices are a short-term blip and will not affect how the US crafts new environmental regulations, including forthcoming standards for heavy duty vehicles, the Environmental Protection Agency (EPA) chief said Friday. EPA Administrator Gina McCarthy said the agency's next move to tackle greenhouse gas emissions will come this spring when it unveils new fuel efficiency standards for commercial vehicles - the second biggest source of domestic transportation emissions. Although crude oil ...
Wall St ends lower, S&P closes below 2,000 NEW YORK: US stocks fell for a fifth straight day on Thursday as bank results disappointed and investors fretted over the potential impact of global economic weakness on US earnings. With the day's decline, the S&P 500 closed below the 2,000 level for the first time in about a month.The Dow Jones industrial average fell 102.11 points, or 0.59 percent, to 17,324.98, the S&P 500 lost 18.52 points, or 0.92 percent, to 1,992.75 and the ...
Oil prices fall after US data spurs demand worries NEW YORK: Oil prices fell on Thursday after weak US economic data spurred worries over crude oil demand. Early in the session, US crude moved higher, breaking above $50 a barrel on a fall in the dollar. US crude also briefly traded at a premium to Brent, rather than the discount it normally sustains, as the Brent front-month contract traded in its last day before expiry.The Philadelphia Federal Reserve Bank released a survey saying factory ...
Oil prices point to lower estimate for Mexico 2016 budget MEXICO CITY: Mexican Deputy Finance Minister Fernando Aportela on Thursday said he expects budget planning for 2016 to include a lower oil price estimate if prices continue their current trend. Aportela spoke at a hearing before lawmakers. Mexico's government relies on oil sales from the state-run oil company to fund about one-third of its revenue and lawmakers budgeted a price for the Mexican crude mix of 79 dollars a barrel in 2015. Copyright Reuters, 2015 ...


Index Closing Chg%
Arrow DJIA 17,164.95 1.45
Arrow Nasdaq 4,635.24 1.03
Arrow S&P 1,994.99 1.30
Arrow FTSE 6,749.40 0.90
Arrow DAX 10,694.32 0.41
Arrow CAC-40 4,604.25 0.59
Arrow Nikkei 17,674.39 0.39
Arrow H.Seng 24,507.05 0.36
Arrow Sensex 29,182.95 1.68

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln