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Oil prices steady as firm demand offsets dollar strength LONDON: Crude oil futures edged up on Monday as firm global demand vied with a strong dollar, but a public holiday in the United States and much of Europe kept trading muted. Front-month Brent crude gained 6 cents to $65.43 a barrel by 1400 GMT, after touching an intraday low of $64.72. US crude was down 30 cents at $59.42 a barrel, after reaching $59.10 earlier in the session. The market drew support from figures showing strong demand across Asia and the United States. "Global oil demand continues to surprise to the upside, with April data showing no signs of slowdown despite a pick-up in prices," Energy Aspects said in a note. Japan's customs-cleared crude oil imports rose 9.1 percent year-on-year to 3.62 million barrels per day (bpd) in April, the Finance Ministry said. In China, crude imports hit a record 7.4 million bpd last month, with healthy car sales ...

Oil prices steady as firm demand offsets dollar strength LONDON: Crude oil futures edged up on Monday as firm global demand vied with a strong dollar, but a public holiday in the United States and much of Europe kept trading muted.Front-month Brent crude gained 6 cents to $65.43 a barrel by 1400 GMT, after touching an intraday low of $64.72. U.S. crude was down 30 cents at $59.42 a barrel, after reaching $59.10 earlier in the session.The market drew support from figures showing strong ...
Oil falls back on profit-taking LONDON: Global oil prices fell on Friday, unwinding recent sharp gains that were fuelled by hopes that a global supply glut could end soon, dealers said.US benchmark West Texas Intermediate (WTI) for delivery in July dipped 36 cents to $60.36 a barrel.Brent North Sea crude for July reversed 45 cents to stand at $66.09 a barrel in London midday deals."Crude oil prices are retreating today, seemingly on profit-taking ahead of the long weekend," said analyst ...
Oil prices gain on US stockpiles report LONDON: Global oil prices rose further on Thursday as falling US crude stockpiles and production boosted hopes of an easing in the global supply glut, analysts said.US benchmark West Texas Intermediate (WTI) for delivery in July rose $1.72 to $60.70 a barrel.Brent North Sea crude for July gained $1.59 to stand at $66.62 a barrel in late afternoon deals in London."Prices are continuing their recovery, receiving tailwind from the inventory data published by the US ...
Oil prices gain on US stockpiles report LONDON: Global oil prices rose further on Thursday as falling US crude stockpiles and production boosted hopes of an easing in the global supply glut, analysts said.US benchmark West Texas Intermediate (WTI) for delivery in July rose 56 cents to $59.54 a barrel.Brent North Sea crude for July gained 64 cents to stand at $65.67 a barrel in late morning deals in London."Prices are continuing their recovery, receiving tailwind from the inventory data published by ...
Oil rises towards $66 on US inventory drop, Iraq LONDON: Oil rose towards $66 a barrel on Thursday, gaining for a second day, supported by expectations that a global supply glut is starting to ease and by fighting in Iraq.The U.S. government's supply report on Wednesday showed crude inventories declined for a third week. Stockpiles had been at record levels due to excess supply, raising concern that storage capacity was getting tight.Brent crude was up 80 cents at $65.83 as of 0937 GMT, after ...
Oil prices rebound from steep dive LONDON: Oil prices rebounded Wednesday, recovering from recent steep losses in the previous session, in a muted response to news of falling US crude stockpiles.US benchmark West Texas Intermediate (WTI) for delivery in July rose 90 cents to $58.89 a barrel.Brent North Sea crude for July gained 95 cents to stand at $64.94 a barrel in London early afternoon deals."Crude oil showed an overall muted initial reaction to the (US) supply data," Forex.com analyst Fawad ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyMarch
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyMay 21, 2015
Reserves $17.75 bln