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Oil prices down in Asian trade SINGAPORE: Oil prices edged lower in subdued Asian trade Monday but retained support from concerns about a crisis in Libya as well as an upbeat demand outlook in the United States, analysts said.The US benchmark, West Texas Intermediate for delivery in July, fell 32 cents to $104.03 per barrel in afternoon trade. Brent North Sea crude for July delivery dropped 64 cents to $109.90.Singapore's United Overseas Bank said "trading action may be limited" with financial markets in the United States and Britain closed for public holidays."European geopolitical concerns and signs of improving US crude demand" provided a lift to prices, it said in a note to investors.Traders are closely watching the situation in Ukraine, where chocolate baron Petro Poroshenko on Sunday claimed a resounding victory in the country's key presidential electionThe polls were triggered after pro-Russian leader Viktor Yanukovych was ousted in February. Poroshenko immediately vowed to end a bloody ...

Brent slips below $110 after Ukraine election SINGAPORE: Brent crude fell below $110 a barrel on Monday, dipping further from last week's two-and-a-half month high as worries over Ukraine eased slightly after its presidential election. Resistance levels for Brent and US crude, or West Texas Intermediate (WTI), on technical charts are also keeping a lid on gains. Market activity is expected to be limited as the US and UK markets are closed for holidays. July Brent crude was at $109.94 a barrel, ...
US oil may peak in $104.50-$104.99 range SINGAPORE: US oil faces a resistance zone of $104.50-$104.99 per barrel, and may peak in it.The zone has been formed by the April 16 high of $104.99 high and a resistance established by the upper trendline of a wedge. Even though this pattern has a bullish indication due to its appearance after an uptrend, the chance of a break above $104.50 seems to be remote, as the bearish divergence on the hourly RSI strongly suggests ...
Brent slips near $110 after Ukraine election SINGAPORE: Brent crude edged down towards $110 a barrel on Monday, dipping further from last week's two-and-a-half month high as worries over Ukraine eased slightly after its presidential election.Resistance levels for Brent and West Texas Intermediate (WTI) on technical charts are also preventing prices from rising further.Market activity is expected to be limited as the US and UK markets are closed for holidays. July Brent crude was at $110.06 a barrel, down 48 cents, by ...
US oil's target at $104.99 aborted SINGAPORE: A bullish target at $104.99 per barrel has been aborted for US oil as it retraced to about $103.52 after breaking above this former resistance.Resistance was provided by the 76.4 percent Fibonacci retracement on the fall from the April 16 high of $104.99 to the May 1 low of $98.74. The retracement from the May 21 high of $104.29 indicates an exhaustion of the current uptrend which may fail to extend to $104.99.The bearish ...
Oil prices up in Asian trade SINGAPORE: Oil prices inched higher in subdued Asian trade on Friday, gaining a measure of support from lingering concerns over tensions in Ukraine and Libya. The US benchmark, West Texas Intermediate (WTI) for delivery in July, rose seven cents to $103.81 per barrel in afternoon trade. Brent North Sea crude for July delivery gained four cents to $110.40.French bank Credit Agricole said "a quiet market is expected ahead of the weekend", with investors keeping an ...
Brent steady above $110 on China PMI, lower US stocks SINGAPORE: Brent crude steadied near a 2-1/2 month high above $110 a barrel on Thursday, supported by a large draw in US crude stocks and signs of improvement in China's manufacturing growth. China's factory sector turned in its best performance in five months in May, a preliminary HSBC survey showed, suggesting a brighter outlook for demand in the world's No.2 oil consumer. "This is positive for oil markets, because better-than-expected factory orders will increase demand ...

 



 
Index Closing Chg%
Arrow DJIA 18,135.72 0.21
Arrow Nasdaq 4,982.81 0.32
Arrow S&P 2,101.04 0.12
Arrow FTSE 6,961.14 0.6
Arrow DAX 11,504.01 1.00
Arrow CAC-40 4,963.51 0.94
Arrow Nikkei 18,751.84 0.26
Arrow H.Seng 24,193.04 1.11
Arrow Sensex 29,448.95 0.23







ICT 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyDecember
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln