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Oil prices up in Asia ahead of US crude inventories report SINGAPORE: Oil prices rebounded in Asia Tuesday, buoyed by bargain hunting ahead of the release of US government data that will gauge crude demand in the world's biggest economy.Analysts expect the data to be released Wednesday by the US Energy Department to show that commercial crude stockpiles rose in the week to October 30 which typically means weaker demand in the world's top oil consuming nation.Despite occasional rallies, oil remains generally bogged down by a global crude supply glut that has outpaced demand and depressed prices for more than a year."Expectations of more US stockpiles restrained oil bulls," said Bernard Aw, market strategist at IG Markets in Singapore.A global economic slowdown led by China has hammered demand for the commodity and highlighted worries that there may not be enough economic activity to soak up excess supplies as output levels from oil producing nations remain high.China's official purchasing managers index for ...

Oil prices retreat in Asia as rally fizzles SINGAPORE: Oil prices declined in Asia Friday as a midweek rally dissipated with no relief in sight to a global crude oversupply, analysts said.Prices surged on Wednesday driven by bargain-hunting and a below-forecast rise in US commercial crude inventories, but concerns over the supply glut soon resurfaced as output levels remain elevated.At around 0245 GMT, US benchmark West Texas Intermediate (WTI) was down 23 cents at $45.83 and Brent crude was trading eight cents lower ...
Nepal signs fuel agreement with China to ease crisis: official KATHMANDU: Nepal signed its first ever fuel agreement with China Wednesday for Beijing to supply petroleum to ease a crippling shortage, after protests blocked imports from sole supplier India, an official said."We have signed a MOU (memorandum of understanding) with China National United Oil Corporation to supply the petroleum products that Nepal needs," said Deepak Baral, spokesman at the state-run Nepal Oil Corporation.Copyright AFP (Agence France-Presse), 2015 ...
Oil prices flat in Asia before supplies report, Fed decision SINGAPORE: Oil prices barely moved in Asia Wednesday as investors waited for a report on US crude inventories and the conclusion of a Federal Reserve policy meeting hoping for an idea about its plans for interest rates.Analysts expect the report by the US Energy Information Administration later Wednesday to show a rise in stockpiles for the week ending October 16.A build in the inventories is typically interpreted as a sign of softer demand in the ...
Oil prices retreat in Asia SINGAPORE: Oil prices extended losses in Asia Tuesday on expectations of a rise in US crude inventories and following forecasts that a global supply glut will persist into next year.The US Energy Information Administration (EIA) will release Wednesday its weekly report on the country's commercial crude inventories for the week ending October 23, which is seen as a gauge for demand in the world's top oil consuming nation. Analysts expect another build-up."Oil prices remain near ...
Shanghai, Hong Kong equities down by break HONG KONG: Shares in Shanghai slipped in morning trade Tuesday after ending the previous day at a two-month high, while Hong Kong was also lower ahead of a US central bank policy meeting.The benchmark Shanghai Composite Index lost 1.82 percent, or 62.25 points, to 3,367.33 by lunch, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, sank 2.20 percent, or 44.65 points, to 1,985.83.In Hong Kong the Hang Seng Index shed 0.81 ...
Oil prices drop in Asia on oversupply fears SINGAPORE: Oil prices dipped in Asia on Wednesday as traders anticipated an increase in US crude inventories when weekly data from the Energy Information Agency (EIA) is released later in the day.US benchmark West Texas Intermediate (WTI) for delivery in December eased 23 cents to $46.06 per at around 0400 GMT.Brent North Sea crude for December was 11 cents lower at $48.60.Bernard Aw, market strategist at IG markets in Singapore, said traders had "renewed concerns" ...


Index Closing Chg%
Arrow DJIA 17,813.39 0.01
Arrow Nasdaq 5,116.15 0.26
Arrow S&P 2,088.87 0.01
Arrow FTSE 6,337.64 0.96
Arrow DAX 11,169.54 2.15
Arrow CAC-40 4,892.99 1.51
Arrow Nikkei 19,847.58 0.39
Arrow H.Seng 22,498.00 0.40
Arrow Sensex 25,775.74 0.17

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln