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Brent holds on to gains above $86, helped by US consumer sentiment SINGAPORE: Brent crude edged higher on Monday, holding on to gains scored in the previous session that took it above $86 a barrel after robust US data buoyed global financial markets, with a cut in Saudi-Kuwait oil output providing further support. Abundant global oil supplies coupled with a gloomy economic outlook fromEurope to China had pushed Brent to its lowest since 2010 last week, consolidating a loss of more than 25 percent since June. However, prices recovered late last week as some investors covered short positions and Brent for December delivery had risen another 8 cents to $86.24 by 0654 GMT. On Friday the price had risen 2 percent, its biggest gain in more than a month. US crude gained 33 cents to $83.08 a barrel.A positive US consumer sentiment index brought cheer to Asia's equity markets on Monday, although the impact on oil may be short-lived. "Oil markets are ...

Oil prices extend gains in Asia SINGAPORE: Oil prices rose in Asia Monday, lifted by a surge in equities following last week's sharp gains on Wall Street, but analysts said prices remain weighed by weak demand in an oversupplied market.US benchmark West Texas Intermediate for delivery in November climbed 44 cents to $83.19 a barrel in afternoon trade, and Brent crude for December added four cents to $86.20.Both contracts ended marginally higher last week thanks to a minor dip-buying rally after ...
Iraq proposes to split crude supply into two grades -trade SINGAPORE: Iraq's State Oil Marketing Organization (SOMO) has proposed to split its crude supply into two grades and has requested feedback from buyers in Asia, trade sources said on Monday.The move was likely due to a rise in new production of heavier oil from fields such as West Qurna, they said.The second largest OPEC producer plans to offer two grades of crude - light and heavy - for exports from its southern terminals, the sources ...
US oil to drop to $81.70 SINGAPORE: US oil may retrace to $81.70 per barrel, as indicated by its wave pattern and a Fibonacci retracement analysis.A five-wave cycle from the Sept. 30 high of $94.90 has not completed. The gain from the Oct. 16 low of $79.78 was driven by the fourth wave, which failed to extend above a resistance at $84.81, the 38.2 percent Fibonacci retracement on the fall from the Oct. 1 high of $92.96 to $79.78.This wave will ...
Brent holds on to gains above $86, helped by US consumer sentiment SINGAPORE: Brent crude futures edged higher on Monday, holding on to gains scored in the previous session that took it above $86 a barrel after robust US data buoyed global financial markets, with a cut in Saudi-Kuwait oil output providing further support. Abundant global oil supplies coupled with a gloomy economic outlook from Europe to China had pushed Brent to its lowest since 2010 last week, consolidating a loss of more than 25 percent since ...
Oil prices extend gains in Asia SINGAPORE: Oil prices rose in Asia Monday, lifted by a surge in equities following last week's sharp gains on Wall Street, but analysts said prices remain weighed by weak demand in an oversupplied market.US benchmark West Texas Intermediate for delivery in November climbed 47 cents to $83.22 a barrel in late-morning trade and Brent crude for December added 17 cents to $86.33.Both contracts ended marginally higher last week thanks to a minor dip-buying rally after ...
Oil rebound extends in Asia SINGAPORE: Oil prices extended a minor rally on bargain-buying Friday, a day after the US benchmark fell below $80 for the first time in more than two years.However, the overall mood remained clouded by a supply glut in and concerns over demand caused by a slowdown in major European economies and China.West Texas Intermediate (WTI) for delivery in November was up 60 cents at $83.30 a barrel in late-morning trade and Brent rose 74 cents ...

 



 
IndexClosingChg%
ArrowDJIA 16,380.41 1.63
ArrowNasdaq 4,258.44 0.97
ArrowS&P 1,886.76 1.29
ArrowFTSE 6,310.29 1.85
ArrowDAX 8,850.27 3.12
ArrowCAC-40 4,033.18 2.92
ArrowNikkei 14,532.51 1.40
ArrowH.Seng 23,023.21 0.53
ArrowSensex 26,108.53 0.42





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 10, 2014
Reserves $13.401 bln