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Oil prices ease in Asian trade SINGAPORE: Crude prices dropped in Asian trade Monday after rebels agreed to reopen two of the four blockaded oil terminals in eastern Libya, analysts said.New York's main contract West Texas Intermediate (WTI) for May delivery dropped 30 cents to $100.84 a barrel in afternoon trade and Brent North Sea crude for May slid 80 cents to $105.92.The announcement of a deal to reopen the Zueitina and Al-Hariga terminals was made in Zueitina in the presence of government members and rebel chief Ibrahim Jodhran.The two sides have set a target of two to four weeks for a reopening of the other two terminals under blockade at Ras Lanouf and Al-Sidra.Tan Chee Tat, investment analyst at Phillip Futures in Singapore, said Brent prices are facing downward pressure as the lifting of the blockades in Libya puts more supplies into the market."There are more indications that the negotiations are likely to achieve a ...

Brent holds above $106, but set for worst week in 3 months SINGAPORE: Brent crude edged up on Friday to hold above $106 a barrel, but stayed on track for its biggest weekly fall in three months as Libya's major oil ports could open in days and boost supplies. Libya has seen evidence of "good intentions" at indirect talks with eastern rebels which could lead to the lifting of their eight-month blockage, although divisions in the rebel camp may complicate matters. May Brent crude rose 17 cents ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asian trade Thursday as investors weighed a surprisingly robust US stockpiles report with an expected return of Libyan supplies after a months-long disruption in exports, analysts said. New York's West Texas Intermediate for May delivery eased 20 cents to $99.42 a barrel in afternoon trade and Brent North Sea crude for May was up 11 cents at $104.90."There is some downward pressure from the Libyan side," Tan Chee Tat, ...
Oil prices mixed in Asian trade SINGAPORE: Oil prices were mixed in Asian trade Thursday as investors weighed a surprisingly robust US stockpiles report with an expected return of Libyan supply after a months-long disruption in exports, analysts said. New York's West Texas Intermediate for May delivery eased 21 cents to $99.41 a barrel in mid-morning trade and Brent North Sea crude for May was up 12 cents at $104.91."There is some downward pressure from the Libyan side," Tan Chee Tat, ...
Oil prices down in Asian trade SINGAPORE: Oil prices turned lower in Asian trade Wednesday as investors stood on the sidelines with few fresh leads, but retained support following upbeat global economic data released a day earlier, analysts said.New York's West Texas Intermediate (WTI) for May delivery eased 35 cents to $99.39 a barrel in afternoon trade and Brent North Sea crude for May was down 11 cents at $105.51."We expect range-trading for Asian markets today. There is no important data ...
Brent holds above $105, inventory data in focus SINGAPORE: Brent crude steadied above $105 a barrel on Wednesday but was still near a five-month low, with investors waiting for more US inventory data to assess demand in the world's largest oil consumer. Oil tumbled 2 percent on Tuesday after Libyan rebels said they would re-open vital oil ports within days, while poor manufacturing data from China and Europe weighed on the outlook for fuel demand.May Brent crude had inched up 4 cents to ...
Oil prices rise in Asian trade SINGAPORE: Oil prices edged higher in Asian trade Wednesday following upbeat global economic data but a lack of fresh leads was curbing further gains, analysts said. New York's West Texas Intermediate (WTI) for May delivery rose three cents to $99.77 a barrel in late-morning trade and Brent North Sea crude for May was up four cents at $105.66.Analysts said prices were tracking gains in Asian markets Wednesday, following the release a day earlier of upbeat ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
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