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Oil extends losses in Asian trade SINGAPORE: Oil prices extended losses in Asia Wednesday as a stronger US currency discouraged buying in the dollar-priced commodity and concerns over the geopolitical fallout from the downing of flight MH17 in Ukraine eased.Israel's operation against Hamas in Gaza continued to cause tensions, however, as UN chief Ban Ki-moon urged an end to the conflict that has entered its 16th day.US benchmark West Texas Intermediate (WTI) for September delivery was down 39 cents at $102.00 a barrel in afternoon trade on the contract's first day of trading.Brent crude declined 18 cents to $107.15.The dollar strengthened Tuesday against most other major currencies, especially the euro, as easing US consumer inflation data pointed to the Federal Reserve keeping a steady course on interest rates.The pace of US inflation slowed in June, the Labor Department reported. The department's consumer price index rose 0.3 percent last month, after a hefty 0.4 percent rise in ...

Brent holds steady above $107; US oil stocks in focus SINGAPORE: Brent crude nudged lower but held above $107 a barrel on Wednesday, with a global oil glut keeping prices in check despite geopolitical tensions threatening supplies from key oil producing regions. The European Union threatened Russia with harsher sanctions over Ukraine, while Israel pounded targets across the Gaza Strip with no ceasefire in sight. Brent crude for September delivery fell 6 cents to $107.27 a barrel by 0333 GMT, after slipping 35 cents in ...
Oil extends losses in Asian trade SINGAPORE: Oil extended losses in Asia Wednesday as a stronger US currency discouraged buying in the dollar-priced commodity and concerns over the geopolitical fallout from the downing of flight MH17 in Ukraine eased.Israel's operation against Hamas militants in Gaza continued to cause tensions, however, as UN chief Ban Ki-moon urged an end to the conflict which has entered its 16th day.US benchmark West Texas Intermediate (WTI) for September delivery was down 34 cents to $102.05 ...
Brent oil signals mixed SINGAPORE: Signals are mixed for Brent oil and will be clearer only when the contract leaves a neutral range of $107.06-$108.71 per barrel.The range has been formed by the 23.6 percent and the 38.2 percent Fibonacci retracements on the fall from the June 19 high of $115.71 to the July 15 low of $104.39.The rebound from this low could be too brief to complete, in view of the length of the preceding uptrend. However, the ...
Brent holds above $107; focus on Ukraine, US stockpiles SINGAPORE: Brent crude held steady above $107 a barrel on Tuesday, supported by escalating geopolitical tension over Ukraine and expectations of large draws in U.S. oil stockpiles.Speculators mostly kept to the sidelines, with light volumes across most risk assets including oil, but the risks in oil prices seemed to point towards gains, with the possibility of new Western sanctions on Russia, the world's top crude producer."There is a lot of tough talk going on at ...
Oil prices up in Asian trade SINGAPORE: Oil prices rose in Asia Tuesday against the backdrop of geopolitical tensions fuelled by a warning of tougher sanctions against Russia over the downing of a Malaysian airliner and fierce fighting in Gaza.US benchmark West Texas Intermediate (WTI) for August delivery was up 54 cents at $105.13 at midday, and Brent crude for September climbed 26 cents to $107.95.Five days after Malaysia Airlines flight MH17 crashed in Ukraine, pro-Russian separatists conceded to a furious ...
Brent holds above $107 as investors focus on Ukraine tension SINGAPORE: Brent crude dipped on Monday but held above $107 a barrel as investors kept an eye on the intensifying geopolitical crisis between Moscow and the West over the downing of a civilian jet in Ukraine last week.Investors seemed reluctant to build a higher risk premium into oil prices, with the risk of supply disruptions from Russia looking limited for the time being.U.S. Secretary of State John Kerry laid out on Sunday what he called ...

 



 
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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