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Oil prices dip but Egypt worries provide support SINGAPORE: Oil prices eased on profit-taking in Asia on Friday but remain supported by concerns about turmoil in Egypt after a crackdown on protesters killed nearly 600 people nationwide, analysts said. Investors are closely watching whether the latest unrest in Egypt will escalate and affect stability in the oil-rich and politically volatile Middle East region. New York's main contract, West Texas Intermediate for delivery in September, was down 12 cents at $107.21 a barrel in mid-morning trade.Brent North Sea crude for October delivery was down 12 cents at $109.48. Brent crude for September expired at the close of trading on Thursday 91 cents higher at $111.11, its highest finishing point since March 5. "Crude prices are down for the short-term as investors are taking profits off the table," Michael McCarthy, chief market strategist at CMC Markets in Sydney, told AFP. "Investors have gotten used to the idea of the Middle ...

Oil prices rise after Egypt bloodbath SINGAPORE: Oil prices rose in Asian trade Thursday on concerns that escalating violence in Egypt will disrupt supplies from the Middle East, analysts said. New York's main contract, West Texas Intermediate for delivery in September, was up 42 cents at $107.27 a barrel in afternoon trade, and Brent North Sea crude for September gained 38 cents to $110.58."Developments in Egypt are on centre stage again and will continue to apply upward pressure on oil prices," ...
Brent prices climb towards $111 as Egypt unrest stokes supply fears SINGAPORE: Brent crude prices climbed towards $111 per barrel on Thursday, extending gains from the previous session on a drop in US oil inventories and worries over supplies from the Middle East and North Africa.As a state of emergency was declared by the Egyptian government following deadly clashes between riot police and supporters of ousted President Mohamed Mursi, investors feared that unrest could choke key supply routes such as the Suez Canal or spill over ...
Oil prices rise after Egypt bloodbath SINGAPORE: Oil prices rose in Asian trade Thursday on concerns that escalating violence in Egypt will disrupt supplies from the Middle East, analysts said. New York's main contract, West Texas Intermediate for delivery in September, was up 32 cents at $107.17 a barrel in mid-morning trade, and Brent North Sea crude for September gained 39 cents to $110.59."Developments in Egypt are on centre stage again and will continue to apply upward pressure on oil prices," ...
S.Korea's July Iranian crude imports up 38pc y/y: customs SEOUL: South Korea imported 815,447 tonnes of crude oil from Iran in July, up 38 percent from a year ago, preliminary data from the Korea Customs Service showed on Thursday.The amount is equivalent to 5.98 million barrels, according to a Reuters calculation.The world's fifth-largest crude buyer imported a total of 11.16 million tonnes of crude last month, against 10.74 million tonnes imported in the same month a year ago.Final data for South Korea's crude imports ...
Brent slips towards $109 on US stimulus outlook, but supply worries support SINGAPORE: Brent crude slipped towards $109 per barrel on Wednesday as investors fretted that the US Federal Reserve could start curbing its commodity-friendly stimulus as early as September, but concerns over supply underpinned prices.Brent was down 51 cents at $109.31 a barrel at 0623 GMT, while US oil dipped 43 cents to $106.40.Front-month Brent crude oil futures for September delivery had risen for a third straight session on Tuesday, touching their highest in nearly two ...
Oil prices dip ahead of US stockpiles data SINGAPORE: Oil prices were lower in Asia Wednesday as caution set into the market ahead of a US crude inventory report, analysts said. New York's main contract, West Texas Intermediate for delivery in September, was down 24 cents at $106.59 a barrel in mid-morning trade, and Brent North Sea crude for September shed 42 cents to $109.40."There is not much movement in the market ahead of the US crude stockpiles data," Kelly Teoh, market strategist ...

 



 
Index Closing Chg%
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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
WeeklySeptember 25, 2014
Reserves $13.305 bln