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US oil to rise into $104.88-$105.22 range SINGAPORE: US oil is expected to rise into a range of $104.88-$105.22 per barrel, as it has broken above a resistance of $103.73.The resistance is at the 100 percent Fibonacci projection level of an upward wave C, which started at the April 2 low of $98.86. The next resistance will be at $104.88, the 123.6 percent projection level, a break above which will lead to a further gain to $105.22, the March 3 high, or to $105.59, the 138.2 percent projection level.A drop below $103.73 will signal a false break above this level, and the 76.4 percent projection level at $102.58 will be targeted.The views expressed are his own.No information in this analysis should be considered as being business, financial or legal advice. Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses. Copyright Reuters, ...

Brent rises, hovers near $108 as Ukraine crisis worsens SINGAPORE: Brent futures rose and hovered near $108 a barrel on Monday amid worsening geopolitical tensions over Ukraine that has raised the risk of a military confrontation between Ukraine and Russia. Ukraine has given pro-Russian separatists a Monday morning deadline to disarm or face a "full-scale anti-terrorist operation" by its armed forces, while the United States and the European Union mull tougher sanctions against Russia if separatist action continues. Brent crude rose 60 cents to ...
Oil prices up as Russia-Ukraine tensions escalate SINGAPORE: Oil prices edged higher in Asian trade Monday on escalating Russia-Ukraine tensions that had Moscow and the West locking horns at emergency UN talks, analysts said. US benchmark West Texas Intermediate (WTI) for May delivery gained 51 cents to $104.25 per barrel in mid-morning Asian trade while Brent North Sea crude for May rose 52 cents to $107.85. Analysts said the oil market was spooked after Ukraine's acting president Oleksandr Turchynov on Sunday accused ...
Crude oil leak blamed for China water contamination BEIJING: A crude oil leak from a pipeline owned by a unit of China National Petroleum Corp. (CNPC) is to blame for water contamination that has affected more than 2.4 million people in the Chinese city of Lanzhou, media reported on Saturday.The official Xinhua news agency cited Yan Zijiang, Lanzhou's environmental protection chief, as saying that a leak in a pipeline owned by Lanzhou Petrochemical Co., a unit of CNPC, was to blame for the ...
Oil company blamed for toxic tap water in China: Xinhua BEIJING: A Chinese oil giant was to blame for a toxic leak that contaminated tap water in a northwestern city, leading panicked residents to clear stores of bottled water, state media said Saturday.Tests conducted on Thursday and Friday showed that tap water in Lanzhou, the capital of Gansu province, had as much as 200 micrograms of the toxic chemical benzene per litre -- 20 times the national limit -- the official Xinhua news agency said, ...
Crude oil prices fall further in Asia SINGAPORE: Oil prices extended losses in Asian trade Friday as data showing a slowdown in China's giant economy sparked concerns about weak demand.Expectations that Libyan oil will return to the market after rebels lifted a blockade of crude terminals also helped push prices lower, analysts said.New York's main contract West Texas Intermediate for May delivery eased 33 cents to $103.07 a barrel in afternoon trade while Brent North Sea crude dipped 24 cents to $107.22 ...
Crude oil prices fall further in Asia SINGAPORE: Oil prices extended losses in Asian trade Friday as data showing a slowdown in China's giant economy sparked concerns about weak demand.Expectations that Libyan oil will return to the market after rebels lifted a blockade of crude terminals also helped push prices lower, analysts said.New York's main contract West Texas Intermediate for May delivery eased 16 cents to $103.24 a barrel in mid-morning trade while Brent North Sea crude tumbled 12 cents to $107.34 ...

 



 
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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