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Oil prices edge up in Asian trade SINGAPORE: Oil prices rose in Asia Monday, extending last week's gains but the persistent global supply glut will likely cap advances, analysts said.US benchmark West Texas Intermediate added 31 cents to $51.95 while Brent was up 24 cents at $58.11 in late-morning trade. "There has been a continuation in the rise of oil prices from Friday's session, but the market has started this week cautiously due to the ongoing oversupply situation," said Michael McCarthy, chief market strategist with CMC Markets in Sydney.Both contracts closed last week up more than five percent thanks to a drop in the number of US oil rigs in operation, better economic data from Germany and easing expectations that Iranian oil would return to the market soon after a deal with Western powers over its nuclear programme.But Sanjeev Gupta, who heads the Asia-Pacific oil and gas practice at professional services firm EY, said: "Increases in crude ...

Brent nudges up to near $57, set for weekly gain SINGAPORE: Brent crude edged up on Friday, supported by strong economic data from Germany that lifted the oil demand outlook and as worries about a quick return of Iranian supplies eased.The rise may prove sufficient to help both Brent and US crude futures post a weekly gain of more than 3 percent despite being dragged down by record levels of Saudi output and US inventories earlier this week."The reaction was severe for one session but ...
Oil prices rebound in Asia trade SINGAPORE: Oil prices rebounded in Asia Thursday on bargain-hunting after a surge in US crude stockpiles and record output in Saudi Arabia sparked a sell-off in the previous session, analysts said.US benchmark West Texas Intermediate (WTI) advanced 78 cents to $51.20 a barrel and Brent added 73 cents to $56.28 in afternoon trade.Shailaja Nair, associate editorial director at energy information provider Platts, said Thursday's price rebound was "due to bargain-hunting" traders, who pounced on oil ...
Asia-Pacific Crude-Refining margins slip from multi-year highs SINGAPORE: The Asia-Pacific crude market could come under pressure as refining margins begin to fall from multi-year highs.Asian refining margins have started to slip over the past week after refiners enjoyed their highest profit margins in years in the first quarter.Complex refining margins in the Singapore hub have averaged around $8 a barrel over the past week, down from an average of around $9.30 a barrel in March."I think by the middle of the year ...
Middle East Crude-Dubai unchanged despite robust Chinaoil demand  SINGAPORE: Cash Dubai remained at a discount of about $1 to Dubai swaps in the Middle East crude oil market on Wednesday, unchanged from the previous session, despite robust demand from Chinaoil.The trading arm of PetroChina bought four Oman cargoes from Unipec in a busy window session which saw 120 deals, traders said. This brings Chinaoil's total tally for the month to 14 cargoes.Cash Oman is now on a par with Dubai, down from a ...
Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia on Wednesday on profit-taking after the previous day's sharp gains, with traders expecting another rise in US inventories, analysts said.US benchmark West Texas Intermediate (WTI) for May delivery declined $1.01 to $52.97 and Brent crude for May dropped 86 cents to $58.24 in afternoon trade.On Tuesday WTI rose $1.84 and Brent was up 98 cents on easing worries that Iranian crude will flood the market soon after last week's ...
Middle East Crude-Dubai weakens despite Chinaoil buys SINGAPORE: Cash Dubai weakened in the Middle East crude market on Tuesday despite Chinaoil's purchases on the window.The trading arm of PetroChina took delivery of another four cargoes on Tuesday, bringing its total haul this month to 10 cargoes, traders said.Unipec will deliver three Oman while Shell has declared the delivery of one Upper Zakum, they said.Cash Dubai's discount to Dubai swaps stayed at around $1 a barrel, weaker versus a discount of about 70 ...

 



 
Index Closing Chg%
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Arrow DAX 11,688.70 2.58
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJanuary
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyApril 16, 2015
Reserves $16.818 bln