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Oil prices rebound in Asia SINGAPORE: Oil prices rebounded on bargain-hunting in Asia Wednesday after falling to multi-month lows owing to a surge in the US dollar and weak global manufacturing data, analysts said. US benchmark West Texas Intermediate (WTI) for October delivery rose 38 cents to $93.26 while Brent crude for October gained 42 cents to $100.76 in afternoon trade. WTI fell $3.08 to $92.88 in New York trade, its lowest level since January, while Brent sank $2.45 in London to $100.34. It had fallen to as low as $100.17, its lowest level since May 2013."The oil market is recovering after the surge in the US dollar put a downspin on commodity prices, including crude oil," David Lennox, resource analyst at Fat Prophets in Sydney, told AFP. The US dollar bought 105.20 yen in Asia Wednesday, compared with 104.06 yen on Friday before the long weekend in the United States. US markets were shut ...

Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asia Wednesday on bargain-hunting after falling to multi-month lows due to a surge in the US dollar and weak global manufacturing data, analysts said. US benchmark West Texas Intermediate (WTI) for October delivery rose 39 cents to $93.27 while Brent crude for October gained 37 cents to $100.71 in late-morning trade. WTI fell $3.08 to $92.88 in New York trade, its lowest level since January, while Brent sank $2.45 in ...
Ecopetrol tenders to buy a gasoline cargo for Sept-Oct HOUSTON: Colombia's state-run Ecopetrol has launched a tender to buy a 195,000-200,000 barrel cargo of gasoline RON 92 to be received from September 30 to October 4 at Pozos Colorados, according to a document seen by Reuters on Tuesday.The oil company has been increasing imports of finished fuels since its 80,000 barrel per day (bpd) Cartagena refinery in March started a major expansion program that will last until the second quarter of 2015. For this ...
Asia Pacific crude steady, refining margins support SINGAPORE: The Asia-Pacific crude market held steady on Tuesday with most October-loading cargoes sold out.Traders said they expect a slight rebound in differentials this month on improved refining margins and seasonal demand, with an overhang of cargoes in Asia slowly easing.Complex refining margins in the Singapore hub have improved to an average of $4.85 a barrel in the last week, up from $3.66 a barrel in August.Still, some suggested September-loading cargoes could be stored, which ...
Oil prices down after weak China, Europe data SINGAPORE: Oil prices fell in Asia Tuesday following disappointing manufacturing data out of top energy consumer China as well as Europe and as dealers await fresh US economic figures, analysts said.US benchmark West Texas Intermediate for October delivery eased 21 cents to $95.75 while Brent crude for October was down three cents to $102.76 in afternoon trade. "Below-consensus manufacturing surveys in China and the eurozone did not help risk appetite," French bank Credit Agricole said ...
Brent crude steady below $103; Libya unrest offsets demand concerns SINGAPORE: Brent crude held steady below $103 a barrel on Tuesday, with new unrest in OPEC oil producer Libya balanced by concerns of slowing oil demand growth due to weak economic recoveries in China and Europe. Euro zone manufacturing growth slowed slightly more than initially thought in August, while growth in China's factory sector slipped to a three-month low last month, adding to concerns about oil demand. Brent prices have trended higher since the latter ...
Brent oil to seek support at $102.43 SINGAPORE: Brent oil may seek support at $102.43 per barrel, a break below which will lead to a further loss to $101.91.A previous target range of $103.96-$104.64 has been temporarily aborted, and will only be resumed when oil breaks resistance at $103.28, the 38.2 percent Fibonacci retracement on the fall from the Aug. 8 high of $106.85 to the Aug. 19 low of $101.07.The retracement analysis also reveals two supports, at $102.43 and $101.91, respectively ...

 



 
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Arrow DJIA 17,804.80 0.15
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Arrow Sensex 27,371.84 0.90






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln