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Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Friday as soft gasoline demand in the United States offset upbeat manufacturing data from China, analysts said.US benchmark West Texas Intermediate (WTI) for September delivery dipped eight cents to $101.99 a barrel in afternoon trade, while Brent crude gained two cents to $107.09."WTI prices are kept pressured under by gasoline inventories, which expanded for the third straight week despite the ongoing driving season in the US," said Desmond Chua, market analyst at CMC Markets in Singapore."Meanwhile the slide in Brent has been kept in check due to the possibilities of tougher sanctions against Russia, which may spark an oil crunch in Europe," he told AFP.US gasoline inventories rose 3.38 million barrels to 217.9 million in the week ending July 18, according to the Energy Information Administration, even though Americans are taking to the road for their holidays.However, hopes for a pick-up in demand ...

Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asia Friday as soft gasoline demand in the United States offset upbeat manufacturing data from China, analysts said.US benchmark West Texas Intermediate (WTI) for September delivery dipped 11 cents to $101.96 a barrel in late-morning trade, while Brent crude gained three cents to $107.10."WTI prices are kept pressured under by gasoline inventories, which expanded for the third straight week despite the ongoing driving season in the US," said Desmond ...
Oil prices turn lower in Asian trade SINGAPORE: Oil prices turned lower in Asia Thursday as investors took a breather from gains that came after the United States reported a large decline in its crude inventories, indicating strong demand.US benchmark West Texas Intermediate for delivery in September was down 24 cents at $102.88 a barrel in afternoon trade and Brent crude tumbled 13 cents to $109.90.Despite the dip, analysts said prices are likely to remain high because of data showing strong demand ...
Brent steady above $108, supported by China factory activity SINGAPORE: Brent crude was steady above $108 a barrel on Thursday, holding on to the previous day's gains, after a surprisingly strong reading on Chinese manufacturing bolstered hopes for higher demand in the world's second-biggest oil consumer. China's factory sector expanded at its fastest pace in 18 months in July, as a raft of government stimulus measures kicked in, a preliminary HSBC survey showed on Thursday. "China is a big commodities player, and this is ...
US oil to retrace to $102 SINGAPORE: US September oil is expected to break support at $102.66 and retrace further to $102 per barrel, as indicated by a Fibonacci retracement analysis and a rising channel.The support is provided by the 50 percent Fibonacci retracement on the fall from the June 25 high of $106.64 to the July 15 low of $98.68. Oil seems to have been bouncing up and down within the rising channel from July 17, the lower channel line ...
Brent to retrace to $107.06 SINGAPORE: Brent oil may retrace to a support at $107.06 per barrel, as its correction from the July 18 high of $108.62 seems to be incomplete.The correction will consist of three waves, with the second wave labelled b having extended. The third wave, the wave c, may travel to $107.06, the 23.6 percent Fibonacci retracement on the fall from the June 19 high of $115.71 to the July 15 low of $104.39.Resistance is at $108.71, ...
China end-June crude stocks down 2.3pc on month BEIJING: China's commercial crude oil inventories at the end of June fell 2.3 percent from the previous month, while refined fuel stocks rose 0.51 percent from end-May, the official Xinhua news agency said on Thursday. Xinhua did not provide the outright inventory volumes. The government rarely discloses levels of either commercial or strategic oil stocks, making it difficult to gauge real demand in the world's second-largest oil consumer.Copyright Reuters, 2014 ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyMay
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln