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Oil prices rise ahead of US jobs report SINGAPORE: The cost of oil rose in Asia Friday ahead of the latest US jobs report and after hitting multi-month lows a day earlier in response to key exporter Saudi Arabia cutting prices.US benchmark West Texas Intermediate (WTI) for November delivery rose 56 cents to $91.57, while Brent crude for November gained 43 cents to $93.85 in afternoon trade. Singapore's United Overseas Bank (UOB) said investors are keenly eyeing the release of the September US jobs report later Friday. "For the September non-farm payrolls, markets are looking at a job creation of 215,000, up from 142,000 in August, while unemployment is expected to stay unchanged at 6.1 percent," UOB said. US jobs figures are closely watched by crude investors for clues on the state of economic recovery and demand in the world's top oil consumer. The gains on Friday come after WTI prices tumbled below $90 in New York intra-day ...

Oil prices rise ahead of US jobs report SINGAPORE: The cost of oil rose in Asia Friday ahead of the latest US jobs report and after hitting multi-month lows a day earlier in response to key exporter Saudi Arabia cutting prices.US benchmark West Texas Intermediate (WTI) for November delivery rose 16 cents to $91.17 while Brent crude for November gained 11 cents to $93.53 in mid-morning trade. Singapore's United Overseas Bank (UOB) said investors are keenly eyeing the release of the September US ...
Brent hovers near 27-month low as abundant supply weighs SINGAPORE: Brent crude futures hovered near $94 a barrel on Thursday and were close to their lowest levels in more than two years, reflecting sustained pressure from plentiful global supply and weak demand conditions in Europe and China.Brent fell the most since 2012 in the past quarter and could struggle to recover amid an oversupplied market that has kept prices below $100 for more than three weeks now.While a mending US economy bodes well for ...
Brent edges above $95 on relief over China's PMI SINGAPORE: Brent oil futures edged up above $95 a barrel on Wednesday as a positive Chinese economic survey helped the crude benchmark start October firmer after it fell to its weakest level since 2012 in the previous session. Concern over growing oil supply and the dollar's strength pushed Brent down by more than $2 on Tuesday in its biggest single-day drop since January and the same factors are likely to keep a lid on any ...
Asian shares mixed, dollar breaks 110 yen mark HONG KONG: Asian markets were mostly higher on Wednesday with Japan's Nikkei rising after a survey of business confidence showed a surprise pick-up and the dollar broke above 110 yen for the first time in more than six years.The dollar extended its run-up despite disappointing indicators out of Washington on Tuesday, while the euro continues to struggle after eurozone inflation hit a five-year low.Tokyo edged up 0.26 percent by the break and Sydney edged up ...
Oil prices rebound in Asia SINGAPORE: Oil prices rebounded in Asia Wednesday following sharp falls the day before, with a decline in US consumer confidence and tepid data from China dampening buying sentiment.US benchmark West Texas Intermediate (WTI) for November delivery rose 27 cents to $91.43 a barrel in mid-morning trade and Brent crude advanced 30 cents to $94.97.WTI plummeted $3.41 a barrel and Brent tumbled $2.53 Tuesday owing to a supply glut and a pick-up in the dollar, which ...
Middle East crude DME Oman slips back in discount SINGAPORE: DME Oman slipped back into a discount against Dubai swaps in the Middle East crude market on Tuesday, down from the previous session's two-month high, in the last trading day of the month.A flurry of trades dominated the Platts window as traders square their positions. Seventeen Dubai partials were traded and Vitol will deliver a December-loading Oman cargo to Shell.For Oman, SK Energy sold four partials to Shell.Elsewhere, North Asian refiners have stepped up ...

 



 
IndexClosingChg%
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln