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Back-loaded benefits of oil price fall on the way NEW YORK: Economies and investors, having suffered the pain of the tumble in energy prices, may soon start to see more of the benefits.While markets were quick to price in the negative effects of falling oil prices on producing countries and companies alike, the benefits, both to consumers and economies as a whole, take longer to arrive.Brent crude oil prices have tumbled nearly 60 percent since June to below $50 per barrel, claiming several high-profile victims in the process.Russia, highly dependent on oil earnings and suffering from the effects of sanctions over its conduct in Ukraine, has seen its currency and stock market tumble. High-yield bonds, a sector with a heavy concentration of the more speculative oil companies, have fallen markedly.Sagging energy prices have also likely contributed to lower global interest rates, put downward pressure on inflation in major economies and may be influencing central banks to keep money conditions ...

Oil prices rebound in Asian trade SINGAPORE: Oil prices on Tuesday edged up slightly after nearing six-year lows but gains were capped owing to lingering concern about a global supply glut, weak demand and Greece's political future, analysts said. US benchmark West Texas Intermediate (WTI) for March delivery gained 10 cents to $45.25 while Brent crude for March rose 14 cents to $48.30 in late-morning trade. WTI on Monday fell 44 cents to $45.15 and Brent slipped 63 cents to $48.16 ...
Middle East Crude-Oman-Dubai spread widens on trades SINGAPORE: The spread between Oman and Dubai widened in the Middle East crude market on Monday after several trades were concluded on the window.Chinaoil sold three March Oman partials to Shell at $45.40-$45.45 a barrel, while Shell bought a partial from Vitol at $45.50. Dubai, on the other hand, was traded at $44, with Mercuria buying three partials from Unipec at that level.Trade in the physical market slowed as most refiners have completed their purchases ...
Oil surges after Saudi King's death SINGAPORE: Oil prices surged Friday following the death of Saudi Arabia's King Abdullah, with investors watching to see if his successor will maintain output in the face of a global supply glut that had sent crude to six-year lows.US benchmark West Texas Intermediate (WTI) for March delivery soared as much as 3.1 percent in New York after the Saudi royal court announced the death.Oil prices have more than halved since the middle of last year, ...
Oil surges after Saudi King's death SINGAPORE: Oil prices surged Friday following the death of Saudi Arabia's King Abdullah, with investors watching to see if the country will change its policy of maintaining high production in the face of plunging prices and a global supply glut.US benchmark West Texas Intermediate (WTI) for March delivery soared as much as 3.1 percent in New York after the Saudi royal court announced the death.In early morning Asian trade, the contract was up $73 cents, ...
Middle East Crude-Das premium surges on Shell bids SINGAPORE: The Middle East crude market rose on Thursday, buoyed by strong bids by Shell for Abu Dhabi's Das Blend.Shell first bid for March-loading Das at 80 cents a barrel above its OSP, before raising it to 90 cents on the window, traders said. The grade was last traded in the physical market at a premium of about 30 cents.The crude's value may have been boosted by the strength in naphtha, the trader said. Naphtha ...
Oil prices fall ahead of ECB meeting, US supply report SINGAPORE: Oil prices edged lower in Asia Thursday as dealers await a much-anticipated European Central Bank (ECB) policy meeting and the release of the latest US supply report, analysts said. US benchmark West Texas Intermediate for delivery in March fell 29 cents to $47.49 while Brent for March eased 10 cents to $48.93 in afternoon trade. Daniel Ang, investment analyst at Phillip Futures in Singapore, said "high volatility is expected due to the ECB meeting ...

 



 
Index Closing Chg%
Arrow DJIA 17,678.70 0.03
Arrow Nasdaq 4,771.76 0.29
Arrow S&P 2,057.09 0.26
Arrow FTSE 6,852.40 0.29
Arrow DAX 10,798.33 1.40
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Arrow Sensex 29,278.84 0.94






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln