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Oil down after 2015 high; Saudis' Yemen action and dollar weigh NEW YORK: Brent oil hit a 2015 high before settling down with U.S. crude on Monday as Saudi Arabia's plan to halt bombing in Yemen eased tensions over the security of oil Middle East supplies.A stronger dollar, following the largest U.S. factory orders in eight months, had also weighed on crude.Even so, the price drop was cushioned by data from market intelligence firm Genscape showing a further tightening in supplies at the U.S. crude storage hub in Cushing, Oklahoma.UK Brent crude, the more widely used global oil benchmark, touched the year's high of $67.10 before settling down just a penny at $66.45 a barrel.A public holiday in Britain had limited trading volumes in Brent.U.S. crude settled down 22 cents at $58.93.A Saudi-led Arab alliance, waging an air campaign against Houthi fighters in Yemen, was considering calling a truce to allow humanitarian relief, Saudi-owned al-Arabiya television quoted the country's foreign minister ...

Oil prices slip off 2015 highs NEW YORK: Oil prices drifted lower Monday, with the market lacking major news for direction as traders continued to worry about abundant global supplies of crude oil.The US benchmark, West Texas Intermediate (WTI) for June delivery, fell 22 cents to close at $58.93 a barrel on the New York Mercantile Exchange.In London, Brent North Sea crude for June delivery, the global benchmark, settled barely unchanged at $66.45 a barrel, down one cent from Friday's closing ...
Oil off 2015 high on Saudis' Yemen action; Cushing draws help NEW YORK: Oil prices retreated on Monday after key Brent crude hit a 2015 high as Saudi Arabia's plan to halt bombing in Yemen eased tensions over the security of supplies from the Middle East region.A surge in the dollar, following the largest U.S. factory orders in eight months, also weighed on crude.Even so, the price drop was cushioned by data from market intelligence firm Genscape showing a further tightening in supplies at the U.S. ...
Oil prices rise further as dollar drops NEW YORK: Oil prices rose again Thursday on data suggesting the US crude glut is easing as the dollar weakened against the euro.US benchmark West Texas Intermediate for June delivery rose $1.05 to $59.63 a barrel on the New York Mercantile Exchange.European benchmark Brent oil for June delivery gained 94 cents to $66.78 a barrel in London.Analysts said the oil market continued to react to Wednesday's US Department of Energy inventory report, which showed a ...
Oil has best monthly gain in 6 years but rally may hit 'speed bumps' NEW YORK: Oil rounded out its best monthly gain in six years on Thursday, with the two global benchmarks for crude rising between 20 and 25 percent in April, helped by a weaker dollar and bets that a supply glut would ease.After the June-till-January selloff that halved oil prices from highs above $100 a barrel, Brent and U.S. crude posted their strongest recovery this month, rising about $12 each, and hitting their highs for 2015.Those ...
Oil at 2015 highs after first stock draw in 5 months at US hub NEW YORK: Oil prices hit their highest for this year on Wednesday after the first crude stock draw in five months at the U.S. Cushing, Oklahoma hub suggested an oil glut may be starting to ease.Government data showing a smaller-than-expected rise last week in crude inventories throughout the United States also aided sentiment, although some traders felt the market was ignoring bearish elements like higher production.Oil has staged its strongest recovery this month since a ...
Oil trades mixed amid Iran cargo ship incident NEW YORK: Crude oil prices traded mixed Tuesday amid reports that Iran had seized a cargo ship in Iranian territorial waters in the strategic Strait of Hormuz, a key oil transit route.New York's benchmark West Texas Intermediate for June delivery added seven cents, finishing at $57.06 a barrel.In London trade, Brent North Sea crude for June delivery settled at $64.64 a barrel, shedding 19 cents from Monday's closing level.Oil prices, which had been trading in ...

 



 
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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 01, 2015
Reserves $18.5 bln