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Oil sees sixth day of price gains NEW YORK: Oil prices marked gains for their sixth day running Thursday amid signs that US production, a key driver of the global supply glut, may be on the cusp of easing. West Texas Intermediate for May delivery, the US benchmark, advanced 32 cents to close at $56.71 a barrel on the New York Stock Exchange, a fresh high since December. Global benchmark Brent North Sea crude for June delivery rose 66 cents to settle at $63.95 a barrel on the futures contract's first day of trade in London.The oil market had opened lower as investors booked profits from Wednesday's gains, including a nearly six percent jump in WTI.For James Williams of WTRG Economics, the US Department of Energy's report Wednesday showing a slight 20,000 barrels per day decline in crude production in the week ended April 10, the second drop in three weeks, had kept investors hopeful that the ...

Oil surges after lower than expected US inventory rise NEW YORK: Oil prices rallied and US crude jumped nearly 6 percent to a 2015 peak on Wednesday after government data showed crude oil inventories in the United States rose less than expected last week. Though hitting a record level for a 14th consecutive week, US crude inventories rose only 1.3 million barrels to 483.69 million, the smallest build since the week ending Jan. 2, the Energy Information Administration said on Wednesday. That build was ...
Heavy grades tighten to match multi-month highs CALGARY: Canadian heavy crude differentials tightened on Wednesday as the April trading cycle started to wind down, with prices buoyed by strong refinery demand and good access to markets in the United States. Canada exported 3.2 million barrels per day of crude to the United States in the week ended April 10, according to the US Energy Information Administration. Western Canada Select heavy blend for May delivery last traded at $11.30 per barrel below the ...
Oil climbs for 5th day as US output edges lower NEW YORK: US oil prices shot up to a 2015 peak Wednesday after a slight dip in US oil production sparked talk that the glutted petroleum market could be turning.US benchmark West Texas Intermediate for May delivery jumped $3.10 to $56.39 a barrel on the New York Mercantile Exchange, the highest closing price since December 23.European benchmark Brent oil for delivery in May rose $1.89 to $60.32 a barrel in London.The gains extended a market ...
Oil rises on US output dips, Middle East tensions NEW YORK: Crude oil futures rose on Tuesday on signs of falling US oil production, weakness in the dollar and tensions in the Middle East, particularly Yemen. North Dakota's February oil production fell 15,000 barrels per day (bpd) versus January, monthly data showed on Tuesday, though the number of producing wells hit a record high. "Today's (US) led crude spike was spurred primarily by supportive supply side headlines suggesting a quicker production response to rig ...
Oil edges up as Iran uncertainty, Yemen turmoil support NEW YORK: Crude futures rose on Monday, but closed well below intraday peaks, as concerns about Iran and turmoil in Yemen supported prices, while the global supply glut continued to cap gains.Also supportive to crude, US diesel futures rose on news that Colonial Pipeline shut on Sunday its distillate pipeline running from Texas to North Carolina after a breach. Brent May crude rose 6 cents to settle at $57.93 a barrel, having swung between $57.46 ...
Oil pares early gains as supply glut continues to weigh NEW YORK: Crude futures edged up but relinquished early gains and briefly turned lower in choppy trading on Monday as a global supply glut continues to cap gains and traders took profits after oil's earlier push higher.Prices rose initially on concerns about turmoil in Yemen, expectations for no quick return to the market of Iranian barrels if a deal is reached on Tehran's nuclear program and the slowdown in U.S. drilling.Weak export data from China ...

 



 
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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%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln