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Oil prices down in Asian trade SINGAPORE: Oil prices eased in Asia on Tuesday as dealers weighed China's fresh monetary stimulus against a supply glut in the United States, analysts said. US benchmark West Texas Intermediate for May delivery declined four cents to $56.34 while Brent crude for June fell 11 cents to $63.34 in afternoon trade."The oil market is being pushed in two directions with the stimulus action by China going against the oversupply situation of crude in the United States," Michael McCarthy, chief market strategist at CMC Markets in Sydney, told AFP. The People's Bank of China Sunday cut by one percentage point the amount of cash lenders must keep in reserve, the second reduction this year and the latest easing measure aimed at kickstarting the world's number-two economy. It has also cut interest rates twice since November.Despite prices being lifted slightly on hopes that the Chinese stimulus will spur demand, McCarthy said dealers ...

Oil prices rise in Asian trade SINGAPORE: Oil prices rose in Asia Monday, fuelled by sustained unrest in the crude-rich Middle East, while also gaining support on hopes that declining US production will ease a global supply glut, analysts said. US benchmark West Texas Intermediate for May delivery gained 68 cents to $56.42 while Brent crude for June gained 70 cents to $64.15 in afternoon trade. "Escalating conflicts in Yemen, a drop in the US rig count and weak US inventory ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Thursday, retaining support from a surprisingly upbeat US supply report a day earlier, analysts said. US benchmark West Texas Intermediate (WTI) for May delivery gained six cents to $56.45 while Brent crude for June slipped 14 cents to $63.18 in afternoon trade. On Wednesday WTI jumped $3.10 to $56.39, its highest closing price since December 23, while Brent crude for May shot up $1.89 to $60.32 on its ...
Asia-Pacific Crude-Russian grades supported SINGAPORE: Russian Pacific grades were supported in the Asia-Pacific crude market on Wednesday by strong refinery demand and tighter supply of alternative Middle East grades.Spot differentials for Russia's Sokol crude held steady from last month, after Rosneft sold three June-loading cargoes at around $4 a barrel above Dubai quotes in a tender, traders said.Vitol and Lukoil bought a Sokol cargo each loading June 10-19 and June 21-30 at a premium of slightly above $4 a ...
Middle East Crude-Al-Shaheen discounts narrow by more than $1  SINGAPORE: The Middle East crude market strengthened on Wednesday with Qatari al-Shaheen for June sold at much narrower discounts from the previous month on robust demand in Asia.Asian demand has risen with the end of seasonal refinery maintenance while Middle East crude supply has tightened.Maersk sold three cargoes at 40-50 cents a barrel below Dubai quotes, traders said, versus discounts of $1.50-$1.90 a barrel for May-loading barrels sold last month. Buyers were not immediately known.Unipec ...
Middle East Crude-Murban premium hits 19-month high SINGAPORE: Spot premiums in the Middle East crude market rose, with Abu Dhabi's flagship Murban hitting a 19-month high, on tighter supplies and robust demand, trade sources said.While the end of seasonal refinery maintenance in Asia and firm margins buoyed demand for June-loading cargoes, supplies from the Middle East have tightened from March after Saudi Arabia and Abu Dhabi trimmed the volume of crude loaded for buyers in the east.It's a combination of "tighter supply ...
Oil prices higher in Asian trade SINGAPORE: Crude prices rose further in Asia on Tuesday on forecasts US shale oil production will decline and hopes the Chinese government will roll out a stimulus package for the slowing economy.A drop in US production is expected to help ease the supply glut that has sent oil prices collapsing since June last year, while a stimulus package could boost demand in China, the world's biggest energy user, analysts said.US benchmark West Texas Intermediate for ...


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Arrow DJIA 18,034.93 1.17
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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln