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Expiring Brent up in choppy trade, US crude down on supply glut NEW YORK: Brent crude futures edged up in choppy trading as the June contract headed to expiration on Thursday, while U.S. crude prices pulled back as an ample global supply picture weighed on sentiment.Prices, especially Brent's, received support from news that Iran's Revolutionary Guard fired warning shorts over a Singapore-flagged oil products tanker in international waters in the Gulf.Trading was choppy as market participants tried to square bullish factors including U.S. inventory data, spot demand for crude in Asia and Middle East unrest with basic supply fundamentals."The market is really in a pause," said Harry Tchillgurian at BNP Paribas. "The longer the price stays up, the more you invite supply to come back to the market."Expiring Brent June crude was up 19 cents at $67 a barrel at 11:43 a.m. EDT (1543 GMT), having swung from $66.32 to $67.29.July Brent was down 38 cents at $66.89.U.S. June crude was down ...

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 ...
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 ...

 



 
Index Closing Chg%
Arrow DJIA 16,528.03 0.69
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Arrow S&P 1,927.18 0.84
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln