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Brent slides, US crude flat on resilient dollar NEW YORK: Brent crude oil fell on Tuesday as the dollar regained its footing against the euro and fears of global oversupply persisted, while U.S. crude's losses were limited by strong domestic economic data.The fall in Brent came after the dollar reversed early losses to rise 0.4 percent against the euro, making dollar-priced commodities more expensive in the euro zone.Brent futures for May delivery fell 80 cents to trade at $55.10 at 11:43 EDT (1643 GMT). U.S. crude oil was down 15 cents down at $47.30.The U.S. Commerce Department announced that new home sales jumped 7.8 percent to a seasonally-adjusted annual rate of 539,000 units last month, the highest since February 2008. Financial information services firm Markit announced that its U.S. Manufacturing Purchasing Managers' Index rose to its highest reading since October."Today it seems as if the market's been catching its breath after reaching its six-year lows last week," Tradition ...

Oil rises as weakening dollar outweighs OPEC oversupply NEW YORK: US crude oil climbed above $47 a barrel on Monday as a declining dollar offset global oversupply concerns stemming from an announcement by Saudi Arabia that it was pumping around 10 million barrels per day, near a record high.After falling earlier in the day, U.S. WTI crude rebounded to trade 57 cents higher at $47.14 at 11:53 a.m. EDT (1553 GMT). Brent crude oil futures were up 56 cents at $55.88 after hitting ...
Oil jumps on weaker dollar; US crude up about 4pc NEW YORK: Oil prices jumped on Friday, with US crude up about 4 percent, after the dollar fell on interest-rate uncertainty, lifting demand for dollar-denominated commodities from holders of other currencies.Benchmark Brent oil was on track to end two straight weeks of losses while US crude was headed for its first positive week in five.Iran's struggle to reach a nuclear deal with world powers supported oil prices, since it looked as if sanctions on its ...
Oil falls as dollar up, Kuwait sees OPEC output steady NEW YORK: Oil prices tumbled on Thursday as a rebounding dollar and Kuwait's stance that OPEC had no choice but to keep producing in an oversupplied market undercut the previous day's rally. Benchmark Brent oil settled down nearly 3 percent while US crude lost almost 2 percent, weighed by the dollar's rise against most currencies. In the previous session, Brent rose nearly 5 percent and US crude about 3 percent as the dollar suffered its ...
Oil falls on prospect of another rise in US inventories NEW YORK: Oil prices fell Tuesday as traders expected a key US stockpiles report to show another increase to a new record high.US benchmark West Texas Intermediate (WTI) for April delivery shed 42 cents, closing at $43.46 a barrel, a six-year low.In London, Brent North Sea crude for May delivery, the global benchmark, fell 43 cents to $53.51 a barrel.Earlier in the day WTI had fallen as low as $42.63 as traders braced for Wednesday's ...
Oil down in volatile trade after glut worry, dollar limits drop NEW YORK: Oil prices fell on Tuesday, pressured by expectations of a 10th week of record highs in US crude inventories as trade remained volatile from a weaker dollar and short-covering after three days of price drops.Traders and investors forecast that crude stocks in the United States rose by 3.8 million barrels last week to nearly 453 million, an updated Reuters poll showed. That would be the biggest domestic stockpile in at least 80 years. ...
Oil exporters amass record US bond holdings in crude price plunge NEW YORK: The collapse in crude oil prices may have reduced revenues of oil exporters, but it has not soured their appetite for US government debt. Saudi Arabia and other major oil exporters have increased their holdings of US Treasuries to record levels in an effort to counter the effect of the 60 percent drop in oil prices in the last nine months. Global financial assets such as US Treasuries, corporate debt, and equities have ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln