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Oil prices rise on weak dollar SINGAPORE: Oil prices rose in Asia on Tuesday as dealers made the most of a weakening dollar while keeping an eye on continuing fighting in Iraq, analysts said.US benchmark West Texas Intermediate for August delivery rose 35 cents to $105.72 while Brent crude gained 24 cents to $112.60 in afternoon trade."We are seeing oil prices gain a bit following the weakening of the US dollar from last week," Ric Spooner, chief market analyst at CMC Markets in Sydney, told AFP.The dollar advanced against the yen and euro in Asian trade Tuesday, but was still lower than levels seen last week before the release of weak US economic data.US consumer spending rose only marginally, while jobless claims, another barometer for the world's biggest economy, decreased less than expected.As oil is traded in the US currency, a weaker dollar makes the commodity cheaper for global buyers, spurring demand and boosting prices.Spooner said ...

Oil prices rise on weak dollar SINGAPORE: Oil prices rose in Asia on Tuesday as dealers made the most of a weakening dollar while keeping an eye on continuing fighting in Iraq, analysts said. US benchmark West Texas Intermediate for August delivery rose 23 cents to $105.60 while Brent crude gained eight cents to $112.44 in late-morning trade. "We are seeing oil prices gain a bit following the weakening of the US dollar from last week," Ric Spooner, chief market analyst ...
Japan's oil imports from Iran drop 23.7 percent in May TOKYO: Japan's crude oil imports from Iran in May fell 23.7 percent from a year earlier to 181,892 barrels per day (896,474 kilolitres), data from the Ministry of Economy, Trade and Industry (METI) showed on Monday.The significant drop came after Japan took an unusually large volume of nearly 240,000 bpd for May last year, after slashing purchases last April amid uncertainty over whether buyers could get sovereign insurance for tankers carrying Iranian petroleum.Copyright Reuters, 2014 ...
Japan may cut oil refining capacity by up to 10pc TOKYO: Japan may cut crude refining capacity by as much as 10 percent, or 400,000 barrels per day (bpd), under a second round of reductions to be forced on the country's refiners amid forecasts for a continuing decline in oil product demand.Cuts mandated by the government in 2010 pushed refineries to axe nearly 1 million bpd by the end of March, but the industry ministry thinks Japan will still have excess capacity, as demand for ...
Middle East crude Oman up; Basra Light under pressure SINGAPORE: DME Oman's premium to Dubai rose above $1 a barrel in the Middle East crude market on Monday as traders covered short positions on the last trading day of the month.August-loading Basra Light came under pressure as trade remained muted, with refiners shying away from buying the flagship grade of Iraqi crude, worried that the militant insurgency in the country could spread to the area where the oil is churned out and exported."The Iraqi ...
Brent slips towards $113 as supply risks from Iraq ease SINGAPORE: Brent futures dipped towards $113 a barrel on Monday, adding to last week's fall as supply disruption fears from Iraq eased as government forces launched a pushback against a Sunni militant takeover of large areas of the country. The European benchmark is still up 3.4 percent so far in June, on track for its best monthly showing since August after touching a nine-month high earlier in the month, while the US contract is up ...
Oil prices down in Asian trade SINGAPORE: Oil prices eased in Asia Monday on softer US demand, but tensions in the Middle East where jihadists have declared an Islamic state straddling Iraq and Syria will likely keep prices high, analysts said.US benchmark West Texas Intermediate for August delivery was down 43 cents at $105.31 a barrel in afternoon trade and Brent crude dropped 37 cents to $112.93.Analysts said investors are concerned after data last week showed that consumer spending in the ...

 



 
Index Closing Chg%
Arrow DJIA 17,390.52 1.13
Arrow Nasdaq 4,630.74 1.41
Arrow S&P 2,018.05 1.17
Arrow FTSE 6,546.47 1.28
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Arrow Nikkei 16,413.76 4.83
Arrow H.Seng 23,998.06 1.25
Arrow Sensex 27,865.83 1.90





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln