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Oil falls as supply glut makes rallies tough to sustain NEW YORK: Crude oil futures fell on Wednesday, unable to build on more than 1 percent gains in the previous session as rising inventories continue to curb rallies.Industry spending cutbacks and falling U.S. rig counts helped fuel Brent crude's price rebound from an almost six-year low of $45.19 in January, but U.S. data has continued to show rising oil inventories.Export interruption in Libya has given a lift to Brent and helped boost its premium to U.S. crude above $8 a barrel.Attempts by Islamic State militants to capture Iraqi oil facilities has forced traders "to price in some geopolitical risk premium related to the increased turmoil spreading across the ... region," Jim Ritterbusch, president at Ritterbusch & Associates, said in a research note.Front-month Brent April crude futures were down $1.28 at $61.25 at 11:11 a.m. EST (1611 GMT), having fallen to $60.81 intraday.U.S. March crude was down $1.06 at $52.47 a ...

Oil down 3pc as supply glut raises questions on rally NEW YORK: A comeback rally in oil paused on Wednesday as traders took stock of the blistering 35 percent gain in crude prices since late January despite mounting U.S. supplies.The closure of Chinese markets through the weekend for the Lunar New Year added to the quieter trade in both benchmark Brent and U.S. crude, with volumes less than half of Tuesday levels, Reuters data showed. Singapore, another major trading center for crude, will observe the ...
Wall St pulls back from record, investors await Fed NEW YORK: US stocks were modestly lower on Wednesday, a day after the S&P 500 ended above 2,100 for the first time, as investors looked ahead to comments from the Federal Reserve. Minutes from the January meeting of the Federal Open Market Committee will be released Wednesday afternoon, and market participants will scour them for hints about whether the central bank might change the language of its next policy statement to flag a possible increase ...
Oil up from early sell-off as Brent sets 2015 high NEW YORK: Oil closed up after a weak start on Tuesday, with Brent crude rising to a 2015 high of $63 a barrel as short-covering returned to a market depressed earlier by worries about euro zone stability.Threats to Middle East crude production and the falling U.S. oil rig count seemed to spur market bulls despite global inventory data suggesting an oversupply of up to 2 million barrels per day, analysts and traders said."We're in this ...
Oil prices gain in choppy trade NEW YORK: World oil prices rose Tuesday, reversing earlier losses, as traders kept an eye on the crisis in crude exporter Libya.US benchmark West Texas Intermediate (WTI) for March delivery advanced 75 cents to settle at $53.53 a barrel, on the contract's final day of trade.In London, Brent North Sea crude for April delivery, the global benchmark, settled at $62.53 a barrel, up $1.13 from Monday.WTI touched a low of $50.81 during the day before ...
Oil falls as Ukraine, Greece heighten concerns over demand NEW YORK: Crude oil futures fell on Tuesday as concerns about weak demand as a result of uncertainty in Europe outweighed worries about threats to Middle East production and the effect of U.S. output cuts.Pro-Russian rebels and government forces fought street-to-street in east Ukraine, dampening hopes that a European-brokered peace deal will end the conflict."Growing concerns about whether a cease-fire will hold and Greece's problems have got people worried about demand for oil in a ...
Oil up from early sell-off as Brent sets 2015 record high NEW YORK: Oil closed up after a weak start on Tuesday, with Brent crude rising to a 2015 high of $63 a barrel as short-covering returned to a market depressed earlier by worries about euro zone stability.Threats to Middle East crude production and the falling U.S. oil rig count seemed to spur market bulls despite global inventory data suggesting an oversupply of up to 2 million barrels per day, analysts and traders said."We're in this ...

 



 
Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
Arrow CAC-40 4,963.51 0.94
Arrow Nikkei 18,751.84 0.26
Arrow H.Seng 24,193.04 1.11
Arrow Sensex 29,448.95 0.23







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln