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Oil prices mixed in Asia after strong US data SINGAPORE: Oil prices were mixed in Asian trade Thursday, taking a breather after surging on strong US economic data, analysts said.New York's main contract, West Texas Intermediate (WTI) for May delivery, gained 10 cents to $100.34 a barrel in late morning trade, following a $1.07 jump Wednesday.Brent North Sea crude for May eased 11 cents to $106.95."Crude made a huge move overnight rise due to the renewed strength in the US economy on better-than-expected durable goods numbers," Kelly Teoh, managing director at I.R. Resources in Singapore, told AFP."The easing during Asian hours is just a breather after such a strong surge," Teoh said.The US Commerce Department said orders for durable goods -- a key measure for the economy -- rose 2.2 percent in February from the prior month, beating analysts' expectations for a 1.0 percent decline.The weekly US crude stockpiles report also showed a decline of 1.3 million barrels at ...

Oil prices up in Asia on US data SINGAPORE: Oil prices rose in Asian trade Wednesday as data showed a better-than-expected jump in US consumer confidence to a six-year high.New York's main contract, West Texas Intermediate for May delivery, was up 21 cents to $99.40 a barrel in afternoon trade, and Brent crude for May climbed 23 cents to $107.22.The US Conference Board's index for March confidence came in at 82.3 -- its highest since January 2008 -- from 78.3 in February and ...
Oil prices up in Asia on US data SINGAPORE: Oil prices rose in Asian trade Wednesday as data showed a better-than-expected jump in US consumer confidence to a six-year high.New York's main contract, West Texas Intermediate for May delivery, was up 15 cents to $99.34 a barrel in late-morning trade, and Brent crude for May climbed 16 cents to $107.15.The US Conference Board's index for March confidence came in at 82.3 -- its highest since January 2008 -- from 78.3 in February and ...
Oil prices ease in Asia SINGAPORE: Crude prices fell in Asian trade Tuesday after a key petroleum shipping channel in the United States was closed following a collision that resulted in an oil spill.Investors were also waiting for the release Wednesday of weekly crude oil stockpiles in the United States to gauge demand in the world's biggest oil consuming nation, analysts said.New York's main contract, West Texas Intermediate (WTI) for May delivery eased two cents to $99.58 a barrel in ...
Brent oil may test support at $100.21 in 3 months SINGAPORE: Brent oil may test a support at $100.21 per barrel over the next three months, with a good chance of breaking below this level and falling more towards $94.92.Oil is riding on a three-wave cycle that developed from the March 2012 high of $128.40. The third wave of the cycle, the wave (C), could be broken down into three small waves labelled A, B, C.The wave C is capable of travelling to $94.92, its ...
Oil prices ease in Asia SINGAPORE: Crude prices fell in Asian trade Tuesday after a key petroleum shipping channel in the United States was closed following a collision that resulted in an oil spill.Investors were also waiting for the release Wednesday of weekly crude oil stockpiles in the United States to gauge demand in the world's biggest oil consuming nation, analysts said.New York's main contract, West Texas Intermediate (WTI) for May delivery eased 24 cents to $99.36 a barrel in ...
China oil giants enjoy profit rises despite weak economy SHANGHAI: China's major onshore oil firms Sinopec and PetroChina said profits rose in 2013, despite weakness in the world's second largest economy.Sinopec -- a listed unit of China Petrochemical Corp -- saw net profit edge up 3.5 percent year on year to 66.1 billion yuan ($10.6 billion), it said in a statement on Sunday, with revenue up 3.4 percent at 2.9 trillion yuan thanks to "stable" domestic demand."China's economy kept turning for the better, so ...

 



 
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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