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Oil up over 4pc on Libya raid, China easing; volatility seen NEW YORK: Crude prices closed up more than 4 percent on Thursday as rising violence in producer Libya and an expected boost in oil demand from China's central bank easing helped the market rebound from a sharp rout in the previous session. Traders and analysts said they expect crude's rollercoaster ride which began last Friday to continue as the market tries to find a bottom to a seven-month selloff that took prices near six-year lows. But many were pessimistic about a sustained rally in oil, as record-high US inventories rekindle worries about a glut. "It is just a changing market sentiment as more and more players are starting to believe production cuts are coming in the US and that will be enough to erase the surplus," Dominick Chirichella, senior partner at the Energy Management Institute, New York, said on the Reuters Global Oil Forum. "I think there will be a ...

Oil up on Libya violence, China easing; outlook still fragile NEW YORK: Oil prices jumped about 5 percent on Thursday as falling output and rising violence in Libya, along with central bank easing in China, helped crude rebound from one of its sharpest daily routs ever in the previous session.Traders and analysts said they expect higher-than-usual volatility in coming days as the market tries to find a bottom after a seven-month selloff that took prices to near six-year lows.But many were pessimistic about the market ...
Oil snaps 4-day rally; glut back in focus with US crude builds NEW YORK: Oil cut short a four-day rally on Wednesday, with investors and traders focusing again on a supply glut after US crude stocks set record highs. A rebound in the dollar also weighed on crude prices because it makes dollar-denominated commodities pricier in other currencies, cutting demand from overseas buyers who hold currencies like the euro. US crude broke below the key $50 a barrel mark, losing almost a third of the near 20 ...
Gulf gasoline dips, bounces back on inventory drop HOUSTON: US Gulf Coast cash gasoline differentials see-sawed on Wednesday as prompt trade began on a new five-day lifting cycle, pulling slightly lower early and later rebounding to Tuesday's levels after US government data showed a notable drop in the region's inventories last week, traders said.A4 CBOB, or conventional regular gasoline blendstock formulated for blending with 10 percent ethanol, traded at a 6.00-cent discount to March RBOB futures, down half a cent per gallon, but ...
Stocks jump on Greek debt plan, US dollar falls NEW YORK: Stock markets rallied around the world on Tuesday while the US dollar fell after the new Greek government dropped calls for a write-down of its foreign debt, easing concerns about growing instability in the euro zone. While gold, viewed as a safe-haven investment, fell on the day, copper prices saw their biggest one-day jump since July 2013.Oil prices also continued their recent rebound, up more than 1 percent for a third straight session. ...
Oil jumps as dollar plunges, up nearly 20pc in 4 days NEW YORK: Oil prices rose on Tuesday, headed for the biggest four-day advance since January 2009 as a tumbling dollar sent commodities rallying. Despite signs that US crude supplies had registered another heavy build last week, investors were growing more confident that oil prices have hit a bottom after a seven-month rout.Traders said oil bulls were encouraged by BP's plan to cut capital expenditure by 13 percent to $20 billion in 2015, which came after ...
Brazil oil and gas production breaks 3mn bpd in Dec SAO PAULO: Brazil's oil and natural gas production hit a milestone in December when it reached 3.096 million barrels of oil equivalent per day (boepd), the country's oil regulator ANP said on Tuesday. Oil and gas production was 2.935 million boepd in November, according to an ANP statement. Oil output alone reached 2.497 million bpd in December, which was up 18 percent from a year ago and up 6 percent from November. Natural gas output ...


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

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