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Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asia Thursday following a surprise increase in US commercial crude-oil stockpiles and a slew of soft economic data from leading energy consumers.US benchmark West Texas Intermediate eased 44 cents to $97.15 while Brent crude shed 48 cents to $103.80 in afternoon trade.A build in US inventories for the first time in seven weeks weighed on prices, analysts said.US crude-oil inventories rose by 1.4 million barrels, to 367.0 million, in the week ending August 8, the Department of Energy said. Crude-oil supplies had contracted by roughly 22 million barrels over the prior six weeks.The inventories increase surprised analysts, who expected a decline of 1.7 million barrels, according to a survey by Dow Jones Newswires.Benchmark prices also weakened due to "soft economic data from Europe and China", said Sanjeev Gupta, head of the Asia-Pacific oil and gas practice at consultancy firm EY.A string of disappointing Chinese data ...

Brent oil to retrace to $103.43 SINGAPORE: Brent oil faces a resistance at $104.08 per barrel and may retrace moderately to $103.43.The resistance is provided by the 38.2 percent Fibonacci retracement on the fall from the Aug. 8 high of $106.85 to the Aug. 13 low of $102.37.It is not very clear if the rebound from this low will extend. Given that the former resistance at $103.43, the 23.6 percent level, has triggered a correction, the current resistance may cause another ...
Brent falls below $104 after brief recovery from 13-month low SINGAPORE: Brent crude fell below $104 a barrel on Thursday, after briefly bouncing in the previous day off a 13-month low, on ample supplies and concerns about weak demand despite the ongoing political turmoil in Iraq and Ukraine.Oil exports from Libya's Ras Lanuf port have resumed after an oil tanker carrying 670,000 barrels of crude left its oil terminal. This was its first shipment since the port was reopened following a year of blockades by ...
Oil prices mixed after IEA slashes demand forecast SINGAPORE: Oil prices were mixed in Asia Wednesday after the International Energy Agency slashed its demand outlook for 2014 and 2015 while reporting a glut in global supplies despite conflicts in Iraq and Ukraine.US benchmark West Texas Intermediate for September rose four cents to $97.41 in afternoon Asian trade, after declining 71 cents in New York. Brent crude for September delivery was down 31 cents at $102.71. It fell $1.66 to finish at $103.02 in ...
China's July implied oil demand falls 6pc from June BEIJING: China's implied oil demand dropped 6 percent in July from June as crude runs fell slightly and the world's largest energy consumer exported its highest net volume of fuel so far this year.Elsewhere, in another worrying sign for the economy, the value of new loans fell 64 percent in July. Beijing stepped up efforts to re-energise the economy in June, but analysts say more support may be needed to sustain a recovery.China consumed roughly ...
Asia Pacific crude steady; Brent's premium to Dubai falls below $1 SINGAPORE: The Asia-Pacific crude market held steady on Wednesday as trading for October-loading cargoes was slow to begin, although strong competition from sellers in West Africa and Latin America could weigh on demand for regional grades.Brent's premium to Dubai crude fell below $1 a barrel for the first time in over four years, as a glut of oil in the Atlantic Basin and in Asia weighed on the European benchmark.Brent-Dubai Exchange of Futures for Swaps ...
Middle East crude Oman weakens as supply rises SINGAPORE: The Middle East crude market weakened on Wednesday with Oman slipping into a wider discount against Dubai as ample supply weighed.Geopolitical tensions showed little signs of disrupting supply with OPEC's production hitting a five-month high of 30.44 million barrels per day (bpd) in July, according to the International Energy Agency.Iraq has also scheduled to export about 2.4 million barrels per day (bpd) of Basra Light crude in September, up from 2.2 million bpd in ...


Index Closing Chg%
Arrow DJIA 17,719.92 0.44
Arrow Nasdaq 5,108.67 0.37
Arrow S&P 2,080.41 0.46
Arrow FTSE 6,356.09 0.30
Arrow DAX 11,382.23 0.78
Arrow CAC-40 4,957.60 0.56
Arrow Nikkei 19,747.47 0.69
Arrow H.Seng 21,996.42 0.33
Arrow Sensex 26,145.67 0.07

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 30, 2015
Reserves $19.828 bln