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US oil prices close above $100 a barrel on strong data NEW YORK: US oil prices closed above $100 a barrel for the first time since October on Friday after a weekly US oil inventory report showed strong demand for crude and petroleum products.US benchmark West Texas Intermediate for February delivery rose 77 cents to $100.32 on the New York Mercantile Exchange.European benchmark Brent oil for February delivery increased 20 cents to $112.18 a barrel. US crude inventories fell by 4.7 million barrels, more than the 2.2 million expected by analysts in a Wall Street Journal survey.Gasoline stockpiles fell by 600,000, while analysts had projected a build of 1 million barrels."The demand still came in," said Stephen Schork of consultancy the Schork Group. The data constituted a "supportive report," he added.Schork said he was especially impressed by a 1.8 percent increase in gasoline demand from the prior week, despite poor weather that would have impeded driving in some part of the ...

US oil prices rise above $100 a barrel NEW YORK: US oil prices Friday rose above $100 a barrel ahead of the Department of Energy's weekly release on the nation's oil inventories.At around 1525 GMT, US benchmark West Texas Intermediate for delivery in February rose 68 cents to $100.23 a barrel on the New York Mercantile Exchange. WTI last traded above $100 on October 21. Copyright AFP (Agence France-Presse), 2013 ...
Oil prices rise on S. Sudan fears, better US data NEW YORK: Oil prices rose Thursday on concerns about output in conflict-wracked South Sudan and the latest round of improving US economic data.US benchmark West Texas Intermediate for February delivery rose 33 cents to $99.55 a barrel on the New York Mercantile Exchange.European benchmark Brent oil for February delivery increased 8 cents to $111.98 a barrel on the Intercontinental Exchange in London. Volume on electronic exchanges was low due to the Boxing Day holiday, which ...
U.S. natgas futures end up, front hits 2-1/2-yr high NEW YORK: U.S. natural gas futures ended higher on Monday, with forecasts for the return of cold weather and expectations for more strong withdrawals from inventory driving the front-month contract to its highest since July 2011.Chilly winter weather so far, which triggered strong demand for heating and burned up a lot of gas in inventory, has helped push the market up for seven straight weeks since Nov. 1, with the front contract gaining some 27 ...
Oil prices slip in pre-holiday trade NEW YORK: Oil prices Monday gave back some of last week's gains, declining at the start of a holiday-shortened week.US benchmark West Texas Intermediate for delivery in February fell 41 cents to $98.91 a barrel.European benchmark Brent oil for delivery in February declined 21 cents to $111.56 a barrel.US oil prices rose 2.8 percent last week on improving economic data in the US and the continuation of a months-long blockade of critical oil-exporting terminals in ...
Oil falls on profit-taking ahead of holiday NEW YORK: Crude oil futures edged lower on Monday in light volume, as traders booked profits following three days of gains ahead of the Christmas holiday. "I think we're falling back on a little profit-taking," said Addison Armstrong, senior director of market research at Tradition Energy in Stamford, Connecticut. "The few traders who are in the office are likely to be booking profits instead of building a new position." February Brent ...
Mexican president signs law opening oil industry MEXICO CITY: President Enrique Pena Nieto signed a controversial law Friday that opens Mexico's oil industry to foreign investment for the first time in 75 years.The bill, which modifies three articles of Mexico's constitution, is aimed at attracting foreign investment with profit and production sharing contracts.The measure breaks a monopoly that the state oil company, Petroleos Mexicanos (Pemex), has held since 1938.This is "one of the most transcendent bills in the past half-century," Pena Nieto ...

 



 
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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