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Oil prices dip as US inventory build drags SINGAPORE: Crude futures dipped on Wednesday as ballooning U.S. storage volumes pressured prices, a trend some analysts said they expected to continue for another two months.Brent oil futures were trading at $55.06 a barrel at 0508 GMT, down five cents, while U.S. WTI crude was at $47.36 a barrel, down 15 cents.For Brent, strengthening European manufacturing data lent contracts some support, preventing steeper price falls.The bigger fall in U.S. prices came as American crude stocks appeared to extend their long streak of weekly builds."U.S. crude stocks will build through May ... (which) should support bearish sentiment for now," Morgan Stanley said in a note on Wednesday, adding that there was still plenty of storage capacity left for inventory gains.A poll of eight analysts - taken ahead of weekly reports from industry group the American Petroleum Institute (API) and the U.S. Energy Information Administration (EIA) - forecast a crude stock build ...

Oil prices steady, but inventory build drags SINGAPORE: Crude futures were steady on Wednesday, but ballooning volumes in storage around the world were expected to pressure prices.Brent oil futures were trading at $55.13 a barrel at 0229 GMT and U.S. WTI crude was at $47.48 a barrel - both virtually unchanged from their last settlement."Another week, another record U.S. commercial stock level," said U.S.-based PIRA Energy.U.S. crude stockpiles were forecast to extend their record build into an eleventh consecutive week.A poll of ...
Middle East Crude-Medium sours weaken SINGAPORE: Medium sour grades in the Middle East crude market weakened on Tuesday with Banoco Arab Medium and DME Oman in discounts.Bahrain's BAPCO sold a second Banoco Arab Medium cargo for May loading to SK Energy at a discount of about 5 cents a barrel to OSP, traders said, down from premiums of 13-15 cents in prior deals for this grade.DME Oman's discount to Dubai swaps also widened to about $1 as trade in Middle ...
Asia-Pacific Crude-Weaker Brent support premiums SINGAPORE: Asia-Pacific crude market held firm on Wednesday, supported by firm refining margins and a weaker Brent benchmark against Dubai.Brent-Dubai Exchange of Futures for Swaps (EFS), or Brent's premium to Dubai swaps, was at $1.20 a barrel for May, down close to $1 from the start of the month.The prospect of tighter Vietnamese supply also supported sentiment and drove up Te Giac Trang (TGT) crude's premium, although the rise was limited by the addition of ...
Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia Tuesday following disappointing manufacturing data out of top energy consumer China, and as dealers await fresh US economic figures, analysts said. US benchmark West Texas Intermediate eased 58 cents to $46.87 while Brent fell 35 cents to $55.57 in afternoon trade. "Prices coming off slightly today may have to do with the weak flash manufacturing data coming out of China," Nicholas Teo, market analyst at CMC Markets in Singapore, ...
Oil drops as Saudi output nears record, China demand worries drag SINGAPORE: Oil prices dropped on Tuesday after activity in China's factory sector fell to an 11-month low and as Saudi Arabia said its production was close to an all-time high.The flash HSBC/Markit Purchasing Managers' Index (PMI) dipped to 49.2 in March, below the 50-point level that separates growth in activity from a contraction on a monthly basis, stoking worries over the strength of the world's No.2 economy. Economists polled by Reuters had forecast a reading ...
Oil prices drop as China factory activity falls to 11-month low SINGAPORE: Oil prices edged lower in early Asian trade on Tuesday after activity in China's factory sector fell to an 11-month low, stoking worries over the strength of the world's No.2 economy.The flash HSBC/Markit Purchasing Managers' Index (PMI) dipped to 49.2 in March, below the 50-point level that separates growth in activity from a contraction on a monthly basis. Economists polled by Reuters had forecast a reading of 50.6.Brent crude oil futures were trading down ...

 



 
Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07





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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln