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US September crude ends higher at expiry, Brent slumps NEW YORK: Expiring front-month US crude prices settled higher on Thursday in volatile trading after slumping to a fresh 6-1/2-year low as a supply glut and concerns about China's economy pressured Brent crude.A weaker dollar and the formation of the first hurricane of the 2015 Atlantic season were supportive to crude, even with Hurricane Danny still far from affecting any land or oil infrastructure.U.S. futures retested support near $40 a barrel early in the session, falling to their lowest level since 2009, and Brent fell to a fresh October contract low above $46 a barrel as a global supply glut and concerns about sputtering growth in China continued to weigh on oil prices.In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan shed 1.5 percent to a two-year low, as anxiety about global economic growth pressured equities in Europe and the United States."Global equities are a negative price driver for ...

US oil may fall to $39.30 SINGAPORE: US oil may test a support at $40.15 per barrel, a break below which will cause a loss to the next support at $39.30.These supports are identified respectively as the 538.2 percent and 561.8 percent Fibonacci projection levels of a downtrend from the June 30 high of $59.69. Wave pattern shows that oil is riding on an extended wave 5, the bottom of which is somewhat difficult to be predicated.Resistance is at $41.01, the ...
Oil prices higher ahead of US inventory data NEW YORK: Oil prices rose modestly Tuesday as traders looked ahead to weekly US commercial inventory data that could shed insights into demand in the world's largest consumer of crude oil.US benchmark West Texas Intermediate for September delivery closed at $42.62 a barrel on the New York Mercantile Exchange, up 75 cents from Monday's settlement.Brent North Sea crude for October, the international benchmark, spent most of the day in the red but managed to eke ...
Oil prices continue downward slide NEW YORK: Crude oil prices fell Monday, deepening a long slide as traders expect US production will remain strong, adding to abundant global supplies.US benchmark West Texas Intermediate (WTI) for September delivery closed at $41.87 a barrel, down 63 cents from Friday's settlement after a technical modest rebound Friday.In London, Brent North Sea crude for October, the international benchmark, fell 45 cents to $48.74 a barrel in its first day of trade."Oil prices are starting ...
Oil near 6-1/2 year low on Japan slowdown, China worry NEW YORK: Oil prices fell on Monday with U.S. crude near 6-1/2-year lows after No. 3 consumer Japan suffered an economic contraction in the second quarter and China's slowdown continued to weigh on oil market sentiment.A stronger dollar after the fastest pace of growth in U.S. industrial output in eight months also made greenback-denominated commodities, including crude, less affordable for holders of other currencies such as the euro.U.S. crude futures were 5 cents down at ...
Oil at multi-month lows; hunt for new bottom as gasoline piles up NEW YORK: Oil set multi-month lows on Thursday as investors and traders sought clues about the market's next bottom after a large drop in US crude inventories failed to boost prices.A bigger-than-expected build in US gasoline stockpiles last week proved more important to investors than crude storage numbers that came in three times below forecast on Wednesday. Brent, the global oil benchmark, settled down 7 cents at $49.52 a barrel, after setting a six-month low ...
Mexico softens auction rules for oil development sites MEXICO CITY: Bidding requirements for the development of several Mexican oil and natural gas blocks have been relaxed in order to attract foreign investors, Mexico's National Hydrocarbons Commission has announced.The action follows disappointing results from the first tender of development blocks, in mid-July."The changes we are bringing about are intended to attract more investment, improve job creation and increase oil and natural gas production," CNH explained in a statement late Tuesday.The rule changes allow for ...

 



 
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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