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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 weeks at $110.06 a barrel."Expect to see a lot of volatility over the next few weeks, because investors are paring back and holding out in anticipation not just of US economic data this week, but also of the Fed meeting on September 17," said Jim Ritterbusch, president of Chicago-based Ritterbusch & Associates.US retail sales rose in July, pointing to an acceleration in consumer spending that could bolster the case at the Fed for winding down ...

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 ...
Oil prices slip as US dollar strengthens SINGAPORE: Oil prices slipped in Asian trade Tuesday on a stronger dollar as investors awaited US economic data that could hasten the end of the country's easy monetary policy, analysts said.New York's main contract, West Texas Intermediate for delivery in September, was down four cents at $106.07 a barrel in mid-morning trade, and Brent North Sea crude for September shed one cent to $108.96."At the moment I see dollar strength weighing on crude prices," Lee ...
Brent slips toward $108 after sharp rally, US data in focus SINGAPORE: Brent crude fell towards $108 per barrel on Monday after a sharp rally in the previous session, as investors waited for a slew of US data this week for hints on when the Federal Reserve will start winding back its stimulus.Higher production by top exporter Saudi Arabia in July and the resumption of exports from Libya's largest crude oil export terminal also dragged on sentiment. But signs of stabilising growth in China, the world's ...
Oil prices mixed on profit-taking SINGAPORE: Oil prices were mixed in Asian trade on Monday as traders banked profits from gains fuelled by upbeat economic data in top global energy consumer China, analysts said. New York's main contract, West Texas Intermediate (WTI) for delivery in September, was up four cents to $106.01 a barrel in afternoon Asian trade and Brent North Sea crude for September shed 16 cents to $108.06."We are seeing a bit of profit-taking in crude prices after ...
Oil prices slip on profit-taking SINGAPORE: Oil prices eased in Asian trade on Monday as traders banked profits from gains fuelled by upbeat economic data in top global energy consumer China, analysts said. New York's main contract, West Texas Intermediate (WTI) for delivery in September, was down seven cents to $105.90 a barrel in mid-morning Asian trade and Brent North Sea crude for September shed 25 cents to $107.97."We are seeing a bit of profit-taking in crude prices after the ...
Oil prices up on China trade data HONG KONG: Oil prices turned higher in Asian trade Thursday on upbeat trade data from China which bolstered the outlook for the world's second largest economy, analysts said.New York's main contract, West Texas Intermediate for delivery in September, rose 44 cents to $104.81 a barrel in afternoon Asian trade and Brent North Sea crude for September was up 27 cents at $107.71."It's a positive response to China's balance of trade numbers," Ric Spooner, chief market ...

 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
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Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
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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
WeeklyOctober 23, 2014
Reserves $13.465 bln