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Oil extends gains after US fuel stocks drop LONDON: Brent crude oil rose above $67 a barrel towards five-month highs on Wednesday after US crude stockpiles fell for a second straight week, suggesting the world's biggest oil market is rebalancing. US crude oil stocks fell by 2.2 million barrels to 484.84 million barrels last week, the Energy Information Administration (EIA) said. Stocks at the key delivery hub of Cushing, Oklahoma fell by 990,000 barrels to 60.68 million barrels. "The report is clear cut in its bullish message to the market," said John Kilduff, partner at Again Capital LLC. Brent for June was up 41 cents at $67.27 a barrel by 1448 GMT. Brent hit a high of $69.63 on May 6, its strongest since December. US crude was up 17 cents at $60.92 a barrel after reaching an earlier high of $61.83. Prices also gained some lift after the dollar index plunged to a three-month low, following weak ...

Oil prices rise LONDON: Oil prices extended gains Wednesday on a weaker dollar and expectations that US crude inventories have further declined, easing concerns about a global supply glut.US benchmark West Texas Intermediate (WTI) for delivery in June added 53 cents to $61.28 a barrel.Brent North Sea crude for June rose 36 cents to stand at $67.22 a barrel around midday in London. Prices had surged on Tuesday owing to a weaker dollar that makes commodities such as ...
Oil prices shoot higher LONDON: Global oil prices rebounded sharply Tuesday on the falling greenback, which makes dollar-priced crude cheaper for buyers using stronger currencies.US benchmark West Texas Intermediate (WTI) for June delivery jumped $1.72 to $60.97 per barrel.Brent North Sea crude for June rallied $2.02 to stand at $66.93 in London late afternoon trade."Crude oil prices rebounded strongly... supported by a softer US dollar, while investors remained cautious ahead of the release of the weekly oil inventories reports," ...
Oil rises towards $66 as weaker dollar offsets oversupply concern LONDON: Brent crude futures rose towards $66 a barrel on Tuesday as a weaker dollar and the Yemen conflict helped lift prices. Record high oil output from Saudi Arabia in April failed to dent the move, although Goldman Sachs warned of further oil price declines. June Brent crude was up $1.08 at $65.96 a barrel by 1230 GMT.June West Texas Intermediate (WTI) rose 82 cents to $60.07 a barrel. The dollar was down 0.6 percent ...
Oil prices retreat on strong dollar LONDON: Global oil prices dipped Monday as investors took their cue from the rebounding dollar, awaited fresh US economic data and digested another Chinese interest rate cut.US benchmark West Texas Intermediate (WTI) for June delivery slid 19 cents to $59.20 a barrel.Brent North Sea crude for June reversed 29 cents to $65.10 per barrel nearing midday in London.The market traded mixed Friday as traders weighed the global oversupply and modest demand."Crude oil prices continued to ...
Prices hold steady, eastern demand muted LONDON: Asian spot liquefied natural gas (LNG) prices for June delivery were steady this week as demand from end users remained subdued, traders said. The price of Asian spot cargoes was unchanged from the previous week at $7.40 per million British thermal units (mmBtu). "There's not an awful lot of end user demand, weather driven demand is not there, Korea, Japan and China end users are not particularly motivated at the moment," said a trader. ...
Oil slips before US data LONDON: Oil drifted lower Friday on worries over rebounding US output and before key payrolls data, at the end of a rollercoaster week which saw the market hit five-month peaks.US benchmark West Texas Intermediate (WTI) for June delivery nudged one cent lower to $58.93 a barrel.Brent North Sea crude for June reversed 13 cents to $65.41 a barrel in London late morning deals."Oil prices are failing to profit from the robust Chinese import data," said ...

 



 
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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