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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 negative territory, rebounded after reports that Iran ordered the Marshall Islands-flagged Maersk Tigris to dock at Bandar Abbas on Tuesday because of a commercial dispute.US defense officials said the Tigris was forced to port after one Iranian naval vessel "fired shots" across the bow of the ship. The US military ordered a naval destroyer to the area.The incident came amid heightened tensions in the region as Saudi Arabia and its Gulf allies wage a campaign ...

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 ...
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 ...

 



 
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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%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln