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Brent drops towards $106 on Iran pact; US data eyed SINGAPORE: Brent crude edged down towards $106 a barrel on Wednesday as the prospect of a rise in Iranian oil exports weighed, while investors looked ahead to weekly oil inventories data from the United States to assess supply. Big powers and Iran have continued to move ahead on an interim deal that eases some sanctions on Tehran in exchange for curbs on its nuclear programme.Any signs that the initial deal might lead to higher Iranian oil exports will add to global supply and depress prices. "It looks as if we're moving towards resumption of production (and the) lifting of sanctions," Michael McCarthy, chief strategist at CMC Markets in Sydney said. "That's the major reason for the weakness in Brent." February Brent crude slipped for a third session, down 9 cents to $106.30 a barrel by 0433 GMT. Brent has hovered the last two sessions just above a two-month low of ...

Oil prices down in Asian trade SINGAPORE: Oil prices fell in Asian trade Monday on concerns that disappointing US jobs data could affect demand in the world's biggest economy.New York's main contract, West Texas Intermediate for February delivery eased 35 cents to $92.37 in afternoon trade while Brent North Sea crude for February dipped 18 cents to $107.07.Financial markets were shocked by the US Labor Department's jobs report for December, which showed the economy added a mere 74,000 jobs, well below ...
Oil rebounds from eight-month lows SINGAPORE: Crude prices bounced back from eight month lows in Asian trade Friday on bargain hunting and concerns over the intensifying conflict in South Sudan.New York's main contract, West Texas Intermediate (WTI) for February delivery was up 84 cents to $92.50 a barrel in afternoon trade, while Brent North crude for February gained 40 cents to $106.79.WTI prices hit their lowest levels since May 1 on Thursday, weighed down by high US crude and product ...
Oil prices rebound in Asian trade SINGAPORE: Oil prices rebounded in afternoon Asian trade Thursday after US inventory data showed a decline in crude supplies as a severe North American winter provided strong support for energy demand.New York's main contract, West Texas Intermediate (WTI)for February delivery was up 34 cents to $92.67 while Brent North crude also rose 36 cents to $107.51 for the February contract.The US oil inventory recorded a decline by 2.7 million barrels, much bigger than the 600,000 ...
Brent edges up towards $108 on supply concerns SINGAPORE: Brent crude rose towards $108 a barrel on Thursday, supported by continued concerns over supply from the Middle East and North Africa, but gains were capped by a stronger dollar. Brent has traded in a tight range this week as investors balanced expectations of rising supply from Libya with increased tensions between government forces and armed rebels in the North African country. "Brent looks relatively stable at the moment compared to WTI," said Ric ...
Oil prices edge higher ahead of US stockpiles report SINGAPORE: Oil prices edged higher in Asia Wednesday as dealers sat on the sidelines ahead of an upcoming US stockpiles report, while a record-breaking North American cold snap provided strong support. New York's main contract, West Texas Intermediate (WTI) for February delivery, was up 29 cents at $93.96 in mid-morning trade while Brent North Sea crude for February rose eight cents at $107.43."The market has just pulled a bit at this stage after a few ...
Brent edges up towards $108 on worries over Libyan supplies SINGAPORE: Brent crude rose towards $108 per barrel on Wednesday, supported by new worries over Libyan supplies and expectations of another drop in US crude inventories. Although Libya may boost production to nearly 600,000 barrels per day (bpd) by later Wednesday, tensions in the North African country escalated after a heavily armed autonomy group invited foreign companies to buy oil from seized ports. "The situation looks quite uncertain, and I don't think exports will resume ...

 



 
Index Closing Chg%
Arrow DJIA 17,778.15 2.43
Arrow Nasdaq 4,748.40 2.24
Arrow S&P 2,061.23 2.40
Arrow FTSE 6,466.00 2.04
Arrow DAX 9,811.06 2.79
Arrow CAC-40 4,249.49 3.35
Arrow Nikkei 17,210.05 2.32
Arrow H.Seng 22,832.21 1.09
Arrow Sensex 27,126.57 1.56






ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyOctober
Trade Balance $-2.309 bln
Exports $1.957 bln
Imports $4.266 bln
WeeklyDecember 18, 2014
Reserves $14.04 bln