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Oil ends down despite US crude draw; stockpiles still hefty NEW YORK: Oil prices fell after initially rallying on Wednesday as worries about huge supplies weighed on the market despite a second straight week of draws in U.S. crude.Government data showed U.S. oil inventories fell 2.2 million barrels in the week to May 8, to below 485 million barrels, compared with analysts' expectations for a rise of 386,000 barrels. Gasoline and distillate stockpiles also declined.But with stocks at nearly 90 million barrels more than a year ago, analysts and traders are also expecting production and imports to fall rapidly, something that has yet to occur.Crude prices rallied right after the Energy Information Administration (EIA) issued its latest weekly supply-demand data, but the market came off its highs soon after, and eventually settled lower."It looks like a buy the rumor, sell the news event," said John Kilduff, partner at New York energy hedge fund Again Capital.U.S. crude futures settled down 25 ...

Oil dips as US refineries slowdown stirs demand worries NEW YORK: Global oil prices dipped Wednesday despite a much bigger-than-expected decline in US crude inventories, as a slowdown at refineries raised concerns about the strength of demand.US benchmark West Texas Intermediate for delivery in June dipped 25 cents to finish at $60.50 a barrel on the New York Mercantile Exchange.Brent North Sea crude for June, a global benchmark, closed at $66.81 a barrel, down five cents from Tuesday's settlement.Prices had surged Tuesday, getting a ...
Oil rises after US crude draw but stockpiles still hefty NEW YORK: Oil prices rose on Wednesday as U.S. crude stockpiles slipped for a second straight week, but traders and analysts said inventories were still hefty for this time of year and could undercut the market's advance.Crude futures have risen between 20 and 25 percent over the past six weeks on signs that increasing demand ahead of the peak U.S. driving season could ease a supply glut.U.S. government data showed oil inventories fell 2.2 million ...
Oil prices climb on weaker dollar NEW YORK: Global oil prices climbed Tuesday, getting a boost from a weaker dollar as traders awaited the latest US crude-oil inventories report.US benchmark West Texas Intermediate for June delivery jumped $1.50 to close at $60.75 a barrel on the New York Mercantile Exchange.Brent North Sea crude for June delivery, a global oil benchmark, advanced to $66.86 in London, up $1.95 from Monday's settlement. Both contracts had dipped Monday on persistent global oversupply worries."Crude oil ...
Oil up about 3pc; volatility threatens NEW YORK: Oil rose as much as 3 percent on Tuesday as a weak dollar lifted commodities denominated in the currency and OPEC raised slightly its forecast for world oil demand growth.Violence in Yemen also boosted crude prices, raising concerns over the security of Middle East supplies.The dollar fell on bond market gyrations, making oil and other commodities priced in the greenback more affordable to holders of the euro and other currencies.The Organization of the ...
Oil jumps more than 2pc; volatility threatens NEW YORK: Oil prices jumped on Tuesday as a weak dollar lifted commodities denominated in the currency and OPEC slightly raised its forecast for world oil demand growth.Violence in Yemen also boosted oil prices, raising concerns over the security of Middle East crude supplies.The dollar fell on bond market gyrations, making oil and other commodities priced in the greenback more affordable to holders of the euro and other currencies.The Organization of the Petroleum Exporting Countries ...
Oil prices dip on drilling data NEW YORK: Oil prices dipped Monday as worries about oversupply returned to the forefront with US data suggesting petroleum drilling is picking up in some areas.US benchmark West Texas Intermediate for June delivery slipped 14 cents to finish at $59.25 a barrel on the New York Mercantile Exchange.European benchmark Brent oil for delivery in June fell 48 cents to $64.91 a barrel in London. Commerzbank said surging oil prices had "noticeably slowed" the trend of ...

 



 
Index Closing Chg%
Arrow DJIA 17,683.58 0.26
Arrow Nasdaq 4,991.94 0.34
Arrow S&P 2,068.76 0.39
Arrow FTSE 6,535.68 0.76
Arrow DAX 10,890.63 1.52
Arrow CAC-40 4,711.54 2.01
Arrow Nikkei 20,112.12 2.08
Arrow H.Seng 25,236.28 3.18
Arrow Sensex 28,208.76 0.41





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 06, 2015
Reserves $18.201 bln