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Oil prices up ahead of US stockpiles report SINGAPORE: Oil prices edged higher in Asia Wednesday on bargain-hunting, but gains were capped by concerns about tepid demand in the United States, analysts said.US benchmark West Texas Intermediate (WTI) for September delivery rose 10 cents to $97.48 while Brent crude gained 25 cents to $104.86 in afternoon trade.WTI prices closed lower in New York for the sixth time in seven days Tuesday as traders looked ahead to Wednesday's weekly US energy inventory report.Singapore's United Overseas Bank said the report is likely to paint a less than rosy picture of demand in the world's top crude consumer.Analysts polled by the Wall Street Journal said crude stockpiles are expected to have fallen 1.7 million barrels on average in the week to August 1. Gasoline stockpiles are expected to rise by 100,000 barrels while stocks of distillates, including heating oil and and diesel, are also expected to have increased by 600,000 barrels. ...

Tokyo stocks close down 1.05pc TOKYO: Tokyo stocks fell 1.05 percent Wednesday after a sharp sell-off on Wall Street, with SoftBank shares dropping on a report that its US unit Sprint was abandoning plans to buy T-Mobile.The Nikkei 225 index, which has declined for the past four sessions, gave up another 160.52 points to close at 15,159.79, while the Topix index of all first-section shares lost 0.97 percent, or 12.24 points, to 1,251.29.Copyright AFP (Agence France-Presse), 2014 ...
Brent rebounds to $105; US oil stocks eyed SINGAPORE: Brent crude rose to around $105 a barrel on Wednesday, bouncing off a nine-month low hit in the previous session after industry data showed a large drop in US crude stocks last week. The rebound came after oil prices tumbled on Tuesday as investors grew increasingly nervous about weak seasonal demand and poor refinery margins in a well-supplied global market. "The main concerns are about the high levels of supply and soft demand," said ...
Oil prices up ahead of US stockpiles report SINGAPORE: Oil prices edged higher in Asia Wednesday on bargain-hunting, but gains were capped by concerns about tepid demand in the United States, analysts said.US benchmark West Texas Intermediate (WTI) for September delivery rose 27 cents to $97.65 while Brent crude gained 31 cents to $104.92 in mid-morning trade.WTI prices closed lower in New York for the sixth time in seven days Tuesday as traders looked ahead to Wednesday's weekly US energy inventory report.Singapore's United ...
Middle East crude weak; Oman stays in discount SINGAPORE: The Middle East crude market remained weak on Tuesday with DME Oman's differential to Dubai swaps staying in discount for a second straight session amid plentiful supply.A supply overhang in the Atlantic Basin has weighed on Brent and widened the arbitrage window for excess cargoes to head to Asia, weighing on the east's demand outlook ahead of trade for October-loading barrels.Brent's premium to Dubai recovered from the lowest in nearly four years as excess ...
Oil prices up on reviving Middle East supply fears SINGAPORE: Oil prices rose in Asia Tuesday on fresh fears of supply disruptions in the Middle East, analysts said. US benchmark West Texas Intermediate (WTI) for September delivery rose 10 cents to $98.39, while Brent crude for September gained 15 cents to $105.56 in afternoon trade. "We haven't seen signs so far that the ongoing conflicts in the Middle East could cause disruptions, but those concerns are still there at the back of investors' minds," ...
US oil neutral in $97.37-$98.53 range SINGAPORE: US September oil looks neutral in a range of $97.37 -$98.53 per barrel, and an escape will point a direction.The range has been formed by the 76.4 percent and the 61.8 percent Fibonacci projection levels of a wave c, the third waveof a three-wave cycle that developed from the June 25 high of $106.64.A break above $98.53 will open the way towards the 50 percent level, while only a fall below $97.37 could confirm ...

 



 
Index Closing Chg%
Arrow DJIA 17,039.49 0.36
Arrow Nasdaq 4,532.11 0.12
Arrow S&P 1,992.37 0.29
Arrow FTSE 6,777.66 0.33
Arrow DAX 9,401.53 0.93
Arrow CAC-40 4,292.93 1.23
Arrow Nikkei 15,586.20 0.85
Arrow H.Seng 24,994.10 0.66
Arrow Sensex 26,360.11 0.17





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 15, 2014
Reserves $14.264 bln