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Brent edges down towards $108 on disappointing China PMI SINGAPORE: Brent crude slipped towards $108 a barrel on Monday after fresh data showed China's manufacturing sector contracted for a fourth consecutive month in April, although increasing tension in Ukraine prevented further losses. China's economy continued to lose momentum in April with HSBC's final PMI reading easing to 48.1, lower than a preliminary reading but up slightly from an eight-month low in March. "Oil is paring back on the back of these numbers and the trend may continue throughout the afternoon session in Asia," said Ben Le Brun, a market analyst with OptionsXpress in Sydney. Brent crude for June delivery was 13 cents lower at $108.46 per barrel by 0514 GMT, after settling 83 cents higher. US oil was 12 cents higher at $99.88, following a rise of 34 cents on Friday. The disappointing Chinese data came after the US economy added 288,000 jobs in April, more than expected and ...

Crude prices mixed in Asia SINGAPORE: Oil prices were mixed in Asian trade Monday after the crisis in Ukraine escalated over the weekend and data showed Chinese manufacturing activity contracted at a faster rate than initially thought.The US benchmark, West Texas Intermediate for June delivery, gained seven cents to $99.83 in afternoon trade, while Brent North Sea crude for June dipped 15 cents to $108.44.Desmond Chua, analyst at CMC Markets in Singapore, said investors are expecting prices to remain high ...
US oil neutral in $98.99-$100.14 range SINGAPORE: US oil looks neutral in a range of $98.99-$100.14 per barrel, and an escape will point a direction.The range has been formed by the 76.4 percent and the 61.8 percent Fibonacci projection levels of a downward wave C that started at the April 16 high of $104.99. The projection is based on the length of the preceding wave A that fell from the March 3 high of $105.22.A break above $100.14 could lead to ...
Brent edges down towards $108 on disappointing China PMI SINGAPORE: Brent crude slipped towards $108 a barrel on Monday after fresh data showed China's manufacturing sector contracted for a fourth consecutive month in April, while increasing tension in Ukraine prevented further losses. China's economy continued to lose momentum in April with HSBC's final PMI reading easing to 48.1, lower than a preliminary reading but up slightly from an eight-month low in March. "Oil is paring back on the back of these numbers and the ...
Crude prices mixed in Asia SINGAPORE: Oil prices were mixed in Asian trade Monday after the crisis in Ukraine escalated over the weekend and data showed Chinese manufacturing activity contracted at a faster rate than initially thought.The US benchmark, West Texas Intermediate for June delivery, gained six cents to $99.82 in mid-morning trade, while Brent North Sea crude for June dipped 13 cents to $108.46.Desmond Chua, analyst at CMC Markets in Singapore, said that investors are expecting prices to remain ...
Oil prices turn lower in Asian trade SINGAPORE: Oil prices turned lower in volatile Asian trade on Friday after US crude stockpiles surged, with investors keeping an eye out for further clues on the health of the US economy.New York's West Texas Intermediate for June delivery was down three cents to $99.39 a barrel in afternoon trade, and Brent North Sea crude for June dipped six cents to $107.70.Both contracts had been up in mid-morning trade.Prices eased on Thursday after the US ...
Oil prices recover in Asian trade SINGAPORE: Oil prices climbed in Asian trade Friday after falling in New York in response to data showing in stockpiles in the United States, while investors are keeping an eye on the release later in the day of US jobs figures.New York's West Texas Intermediate for June delivery was up five cents to $99.47 a barrel in mid-morning trade, reversing a decline earlier Friday. Brent North Sea crude for June inched up one cent to ...

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln