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Oil market rebounds slightly LONDON: World oil prices rose Wednesday on bargain-hunting after sharp falls the previous day triggered by a strong US dollar and global supply glut concerns, analysts said.In early afternoon London deals, Brent North Sea crude for July added 36 cents to $64.08 per barrel, compared with Tuesday's closing level.US benchmark West Texas Intermediate (WTI) for delivery in July won 43 cents to $58.46 a barrel.Crude futures had shed more than $1.60 on Tuesday, as markets in the United States and much of Europe reopened after a public holiday on Monday. Oil prices have been under pressure on a resurgent dollar, which has strengthened following expectations that the US Federal Reserve will follow through on plans to raise record-low interest rates later this year. The stronger greenback makes crude more expensive for buyers using weaker currencies. "As the prices for crude dropped quite sharply last night, the current rebound is due ...

Oil pares gains as dollar recovers LONDON: Crude oil futures edged up on Wednesday on expectations that U.S. crude stocks fell for a fourth straight week, but prices pared early gains as the dollar reversed losses.July Brent crude was up 13 cents at $63.85 a barrel by 1043 GMT, easing back from an early high of $64.67, while U.S. crude was up 23 cents at $58.26 a barrel after touching $58.95 earlier in the session.The dollar was unchanged against a basket ...
Oil drops to $65 on US shale outlook, dollar LONDON: Oil fell to around $65 a barrel on Tuesday, pressured by the possibility that U.S. shale oil producers could increase drilling activity and by a stronger dollar.U.S. drillers cut the number of rigs by just one last week, data showed on Friday, and Goldman Sachs said prices were at a level that would spur activity. The dollar could rally further, Morgan Stanley said, adding to a growing list of headwinds crude faces that include ...
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 ...
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 ...

 



 
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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%
MonthlyMay
Trade Balance $-1.894 bln
Exports $1.953 bln
Imports $3.847 bln
WeeklyJuly 01, 2015
Reserves $18.5 bln