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Brent climbs above $97 after China PMI tops forecast SINGAPORE: Brent crude rose above $97 a barrel on Tuesday after a survey showed China's factory activity unexpectedly picked up in September, helping brighten the demand outlook in a market that has been weighed by a supply glut. The HSBC/Markit Flash China Purchasing Managers' Index (PMI) rose to 50.5 in September from 50.2 in August, beating analysts' expectations for a reading of 50, as orders increased. Brent for November delivery was up 33 cents at $97.30 a barrel by 0437 GMT, after falling by more than a dollar on Monday. US crude rose 41 cents to $91.28 a barrel, rebounding from a session low of $90.58 that was its weakest since Sept. 11. The better-than-expected China PMI fuelled the recovery in prices, said Avtar Sandu, senior manager for commodities at Phillip Futures. "The market was really oversold earlier and there was not much room for prices to go further down," ...

Oil prices up after upbeat Chinese data, Syria bombing SINGAPORE: Oil prices rose in Asia Tuesday in response to better-than-expected Chinese manufacturing data and after the United States said it had led bombing raids against militants in crude producer Syria, analysts said. US benchmark West Texas Intermediate for November delivery rose 31 cents to $91.18 while Brent crude for November also gained 33 cents to $97.30 in mid-morning trade.Banking giant HSBC said early Tuesday its flash purchasing managers index (PMI) for the Chinese manufacturing ...
Middle East Crude: Upper Zakum, Qatar Marine offers weigh SINGAPORE: Medium sour grades came under pressure in the Middle East crude market on Monday as discounts for Upper Zakum and Qatar Marine in November widened following low offers from Shell and Unipec.Shell offered an Upper Zakum cargo at $0.80 a barrel below its OSP on the Platts window, down from a discount of 65 cents on Friday. This was followed by the first offer of a Qatar Marine cargo from Unipec this month at ...
Gasoil margin slips on excess Taiwan supply SINGAPORE: The Asian gasoil margin slipped on Monday as excess supply continued to weigh on the market with extra cargoes offered from Taiwan, industry sources said.The October gasoil crack fell by 49 cents to $14.17 a barrel above Dubai crude, Reuters data showed.Taiwan's Formosa Petrochemical Corp sold three medium-range sized gasoil cargoes for second half October loading to Winson Oil at a discount of 80 cents a barrel to Singapore quotes, which could be one ...
China crude imports from Iran drop nearly 30pc on year BEIJING: Chinese imports of crude from Iran fell nearly 30 percent from a year earlier to the lowest since October 2013, with Tehran's largest oil client reducing shipments from high levels in recent months as at least one regular buyer went through a planned overhaul.China began stepping up purchases from the OPEC member after a preliminary nuclear deal in November last year eased some sanctions on Iran. China has since accounted for the main portion ...
Oil prices down ahead of Chinese manufacturing data SINGAPORE: Oil prices fell in Asia Monday as dealers await key Chinese manufacturing data for clues about demand in the world's top energy consumer, analysts said. US benchmark West Texas Intermediate for October delivery eased 40 cents to $92.01 while Brent crude for November fell 48 cents to $97.91 in afternoon trade.Desmond Chua, market analyst at CMC Markets in Singapore, said Tuesday's release of HSBC's flash September purchasing managers index (PMI) for the Chinese manufacturing ...
US oil to fall towards $90.43 SINGAPORE: US oil may approach its Sept. 11 low of $90.43 per barrel, to complete a wave (b).This is the second wave of a three-wave cycle that developed from $90.43. The first wave labelled (a) consists of three small waves as well, with the second wave, the wave b, having almost retraced to the starting point of the first wave, the wave a.Such a relation between the wave b and the wave a could be ...

 



 
Index Closing Chg%
Arrow DJIA 17,042.90 0.17
Arrow Nasdaq 4,493.39 0.28
Arrow S&P 1,972.29 0.28
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Arrow Nikkei 16,173.52 0.84
Arrow H.Seng 22,932.98 1.28
Arrow Sensex 26,630.51 0.13





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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
WeeklySeptember 25, 2014
Reserves $13.305 bln