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Oil seesaws on Mideast tensions, weak dollar and high supplies NEW YORK: Oil prices seesawed on Tuesday as traders weighed security scares in the Middle East and support from a weak dollar against expectations that U.S. crude stockpiles have reached new record highs.Both Brent and U.S. crude futures rallied as Iranian forces boarded the Marshall Islands-flagged MV Maersk Tigris in the Gulf after firing warning shots across the bow of the ship. Saudi-owned Al Arabiya television initially said the vessel was a U.S. ship."Tensions are so high in that region with the impending Iran-U.S. nuclear deal that any event implied to be U.S.-linked has an immediate effect on oil prices," said John Kilduff, partner at New York energy hedge fund Again Capital.Tensions were also fueled as jets from a Saudi-led alliance bombed the runway of Yemen's Sanaa airport to prevent an Iranian plane from landing there, Saudi Arabia said, as fighting across the country killed at least 30 people.Oil prices ...

Oil up after Iran seizes cargo ship; weak dollar supports NEW YORK: Oil prices rose on Tuesday after reports that Iran had seized a cargo vessel, described initially by Iranian and Saudi media as a U.S. ship, raised geopolitical tensions and concerns about the security of Middle East crude shipments.A weaker dollar also supported the oil market, which dipped earlier on expectations industry data due later in the day would show U.S. crude stockpiles at record highs for the 16th consecutive week.Brent futures, the more ...
Oil rallies briefly after Iran seizes cargo ship NEW YORK: Oil prices rallied briefly on Tuesday after reports that Iran had seized a cargo vessel, described initially by Iranian and Saudi media as a U.S. ship, raised geopolitical tensions and concerns about the security of Middle East crude shipments.A weaker dollar was also supportive to the oil market which was down sharply earlier on expectations that industry data due later in the day would show U.S. crude stockpiles at record highs for the ...
Oil rises after Iran seizure of US vessel NEW YORK: Oil prices turned positive on Tuesday after reports that Iran had seized an US cargo vessel raised geopolitical tensions and concerns about the security of Middle East crude shipments, traders said. Futures of U.K. North Sea Brent, the more widely-used global benchmark, were up 55 cents at $65.38 a barrel by 10:20 a.m. EDT (1420 GMT). US crude futures were up 75 cents at $57.74 a barrel. Iranian forces seized a US cargo ...
Oil surges as Saudi resumes Yemen strikes NEW YORK: Global oil prices advanced Thursday as the Saudi Arabia-led coalition renewed airstrikes in Yemen, stoking new supply concerns about the crude-rich Middle East.US benchmark West Texas Intermediate for June delivery gained $1.58 at $57.74 a barrel on the New York Mercantile Exchange.Brent North Sea crude for June delivery, the global benchmark, advanced $2.12 to $64.85 a barrel."The market may be drawing support from Saudi Arabia's resumption of airstrikes against Huthi rebels in Yemen, ...
Oil hits 2015 high on Yemen worry; US gasoline at Nov peaks NEW YORK: Crude oil prices settled up 3 percent on Thursday, hitting 2015 highs, while U.S. gasoline reached 5-month peaks after Saudi Arabia and its allies maintained a bombing blitz in Yemen that heightened concerns about the security of Middle East oil supplies.Oil buyers also stoked the rally with bets that U.S. crude output will shrink further after two straight weeks of declines.The weak dollar also supported oil and other dollar-denominated commodities. The euro gained ...
Brent up on more Yemen bombing; US crude dips after stock build NEW YORK: Oil prices diverged on Wednesday with Brent closing up on renewed fighting in Yemen while U.S. crude fell after another weekly rise in inventories despite slower production.Futures of U.K. North Sea Brent, the more globally used benchmark for crude, settled up 1 percent as warplanes from a Saudi-led coalition bombed Yemen a day after Riyadh said it was ending air strikes against Iranian-allied Houthi rebels there.In New York, U.S. crude futures closed nearly ...

 



 
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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