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Brent crude rallies above $86 but heads for 4th weekly loss SINGAPORE: Oil got some respite on Friday from a four-month rout, with Brent climbing by almost a dollar to above $86 a barrel after positive US data buoyed global financial markets, although market analysts doubted the rally would take it much higher.The global oil benchmark is still headed for its fourth weekly loss in a row, having hit a four-year low on Thursday as excess supply and weak demand from Europe to China pummelled prices.Front-month Brent was up 75 cents a barrel at $86.57 at 0444 GMT. The November contract expired on Thursday, settling up 69 cents at $84.47 a barrel.US November crude, on track to post its third weekly decline, climbed 42 cents to $83.12 after settling 92 cents higher in the previous session."Most of the traders in the market are probably trading from the short side, so when we see a little bit of buying, we often think ...

Asia Pacific crude weaker; Sokol, Chim Sao premiums fall SINGAPORE: The Asia-Pacific crude market weakened on Thursday as a combination of poor refining margins and a glut of crude in the region weighed on differentials.Oil prices continued to slide, with Brent crude futures falling to a four-year low below $83 a barrel as growing concerns over the global economy stretched a four-month rout.Brent's premium to Dubai swaps, or Brent-Dubai Exchange of Futures for Swaps (EFS), was unchanged at $1.75 a barrel.TENDERSPV Oil, the marketing ...
Oil slide deepens as economic worries mount SEOUL/SINGAPORE: Oil fell more than $1 a barrel on Thursday, with Brent crude hitting a fresh four-year low at below $83, as growing concerns over the global economy stretched a four-month rout.Brent has lost more than 28 percent since June amid slow demand and abundant supply, with losses accelerating in recent weeks on signals that the Organization of the Petroleum Exporting Countries will not slash output to rescue prices.Economic concerns accelerated losses in oil prices ...
Oil prices tumble in Asia SINGAPORE: Oil prices resumed their downward spiral in Asian trade Thursday following another sell-off in equities as traders grow increasingly concerned about the global economic outlook, analysts said.US benchmark West Texas Intermediate (WTI) for November delivery fell $1.03 to a two-year low of $80.75 a barrel in afternoon trade. Brent crude for November retreated 87 cents to $82.91, levels last seen four years ago.Both contracts have lost more than a fifth of their value since ...
US oil to retest support at $79.95 SINGAPORE: US oil is expected to retest support at $79.95 per barrel, with a good chance of breaking below this level and falling more towards $77.60.Wave pattern indicates oil is riding on a powerful wave C, the third wave of a three-wave cycle that developed from the June 20 high of $107.73. Support is at the 86.4 percent Fibonacci projection level of this wave, temporarily holding it from traveling towards the 100 percent level at ...
Oil prices tumble in Asia SINGAPORE: Oil prices resumed their downward spiral in Asian trade Thursday following another massive sell-off in equities as traders grow increasingly concerned about the global economic outlook, analysts said.US benchmark West Texas Intermediate (WTI) for November delivery fell 90 cents to a two-year low of $80.88 a barrel in late-morning trade. Brent crude for November retreated 43 cents to $83.35, levels last seen four years ago.Both contracts have lost more than a fifth of their ...
Middle East crude Chinaoil buys 5 cargoes, al-Shaheen discount narrows SINGAPORE: The Middle East crude market stayed firm on Wednesday as Chinaoil snapped up another five cargoes, raising its purchases this month to 13.5 million barrels.The trading arm of PetroChina bought 84 Dubai partials which led to the delivery of five cargoes on the Platts window, traders said. Vitol and Total will deliver two Upper Zakum cargoes, they said. In addition, Chinaoil will receive three Oman, one from Shell and two from Unipec.Strong demand from ...

 



 
Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyNovember
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln