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Oil prices mixed on profit-taking SINGAPORE: Oil prices were mixed in Asian trade on Monday as traders banked profits from gains fuelled by upbeat economic data in top global energy consumer China, analysts said. New York's main contract, West Texas Intermediate (WTI) for delivery in September, was up four cents to $106.01 a barrel in afternoon Asian trade and Brent North Sea crude for September shed 16 cents to $108.06."We are seeing a bit of profit-taking in crude prices after the solid gains made over the positive Chinese data last week," Desmond Chua, market analyst at CMC Markets in Singapore, told AFP. WTI crude had jumped $1.15 in New York trade Friday after China announced that its industrial growth accelerated in July to a five-month high of 9.7 percent year-on-year. Brent rose 75 cents in London trade.Other figures, including steady expansion in retail sales and fixed asset investment, pointed to a more stable outlook for ...

Oil prices slip on profit-taking SINGAPORE: Oil prices eased in Asian trade on Monday as traders banked profits from gains fuelled by upbeat economic data in top global energy consumer China, analysts said. New York's main contract, West Texas Intermediate (WTI) for delivery in September, was down seven cents to $105.90 a barrel in mid-morning Asian trade and Brent North Sea crude for September shed 25 cents to $107.97."We are seeing a bit of profit-taking in crude prices after the ...
Oil prices up on China trade data HONG KONG: Oil prices turned higher in Asian trade Thursday on upbeat trade data from China which bolstered the outlook for the world's second largest economy, analysts said.New York's main contract, West Texas Intermediate for delivery in September, rose 44 cents to $104.81 a barrel in afternoon Asian trade and Brent North Sea crude for September was up 27 cents at $107.71."It's a positive response to China's balance of trade numbers," Ric Spooner, chief market ...
China July crude imports soar to record high BEIJING: China's crude imports in July soared to a record high of 6.15 million barrels per day (bpd), up 14 percent from a month ago, as refiners replenished inventories to meet higher runs and a new condensate splitter started test operations.China, the world's No.2 crude buyer after the United States, shipped in 26.11 million tonnes in July, according to data from the General Administration of Customs. On a daily basis, imports rose 19.6 percent from ...
Oil prices mixed ahead of US crude inventory report SINGAPORE: Oil prices were mixed in Asian trade Wednesday as investors awaited the latest US crude stockpiles data for clues about demand from the world's biggest oil consumer, analysts said.New York's main contract, West Texas Intermediate for delivery in September, was up two cents at $105.32 a barrel in afternoon Asian trade, and Brent North Sea crude for September shed 29 cents to $107.89."We aren't seeing huge moves with crude right now as traders are ...
Brent near $108, slips on Iran and ahead of China/US data SINGAPORE: Brent crude futures slipped on Wednesday towards $108, dropping for a fourth straight day, as supply worries eased and on caution ahead of data from China and the United States, the world's two top oil consumers.Numbers due later this week may show China's exports, factory output and retail sales all edged up in July, in initial signs of the economy stabilizing. US government data later today on crude stockpiles will give investors an indication ...
Brent oil to retest support at $107.40 SINGAPORE: Brent oil is expected retest a support at $107.40, with a good chance of breaking below this level and falling further to $106.76 per barrel.An uptrend that started at the April 18 low of $96.75 could have peaked at the Aug. 2 high of $110.09, as it is very close to a pivotal resistance at $110.61, the 61.8 percent Fibonacci retracement on the fall from the Feb. 8 high of $119.17 to $96.75.Wave pattern ...

 



 
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Annual2012/13
Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
MonthlyFebruary
Trade Balance $-1.433 bln
Exports $2.167 bln
Imports $3.600 bln
WeeklyApril 14, 2014
Reserves $9.713 bln