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Brent crude oil speculators turn more bullish LONDON: Money managers and hedge funds have increased their bets on rising crude oil prices, figures from InterContinental Exchange (ICE) show, in a sign that some speculators think the oil market may be about to recover after many months of falls. ICE data on Monday showed large speculators raised their net long holdings of Brent crude futures and options in the week to Aug. 18 after four weeks of net sales. Money managers raised their net long positions by 13,977 contracts to 139,866 lots. This figure represents both an increase in long positions taken and also a decrease in short positions, showing speculators turned more bullish on the oil market as prices steadied in the week to Aug. 18 following multi-week falls.But in the past week Brent futures prices have continued to fall, slumping to new six-and-a-half-year lows. Speculators in gasoil futures and options also cut their bearish bets by ...

Oil market slumps under $39 on China, oversupply LONDON: World oil prices sank to 6.5-year lows on Monday, with New York crude sliding under $39 on fears over Chinese energy demand and global oversupply.US benchmark West Texas Intermediate (WTI) for October delivery tumbled to $38.69, striking a level last seen in February 2009.Brent North Sea crude for October dived in morning London deals to $43.28, last seen in mid-March of the same year."For the first time since March 2009, Brent costs less than ...
Oil market ducks close to $40 LONDON: Oil prices fell close to $40 per barrel on Thursday, striking a new 6.5-year low on supply glut woes, before turning mixed.US benchmark West Texas Intermediate for September delivery struck $40.21 per barrel, the lowest level since March 2009. It later rebounded slightly to trade at $41.04, up 24 cents from Wednesday's close.Brent North Sea crude for October delivery meanwhile hit $46.31 a barrel, a point last seen in mid-January and not far off ...
Oil slips closer to six-year low on Japan data, oversupply LONDON: Oil prices fell towards six-year lows on Monday on data showing the economy of Japan, the world's third-biggest oil consumer, contracted in the second quarter.The global oversupply picture was exacerbated by another weekly jump in U.S. oil rig additions on Friday, hinting at growing production, and news that Oman produced a record-breaking 1 million barrels per day in July.U.S. crude, or West Texas Intermediate (WTI), for September was trading 45 cents lower at $42.05 ...
Brent crude oil steady; NY price drops LONDON: Brent North Sea crude steadied Monday while New York-traded oil fell as markets reacted to high supplies and sluggish demand.US benchmark West Texas Intermediate (WTI) for September delivery fell 72 cents to $41.78 a barrel compared with Friday's close.It slumped Friday to $41.35 -- the lowest level since March 2009 -- before finding some support ahead of Monday's renewed fall.In afternoon London deals, Brent North Sea crude for October was unchanged at $49.03 a ...
Oil moves nearer six-year low on Japan data, oversupply LONDON: Oil fell towards six-year lows on Monday, on data showing the economy of Japan, the world's third biggest oil consumer, contracted in the second quarter. The global oversupply picture was exacerbated by another weekly jump in US oil rig additions, hinting at growing production, and news that Oman produced a record-breaking 1 million barrels a day in July. US crude, or West Texas Intermediate (WTI), for September was trading 36 cents lower at $42.14 ...
Oil price steady after new six-year low LONDON: Oil prices steadied Friday after New York crude reached a new multi-year low point against a backdrop of high supplies.US benchmark West Texas Intermediate (WTI) for September hit $41.35 a barrel -- the lowest level since March 2009.It recovered to $42.22 a barrel, down one cent compared with Thursday's close.Brent North Sea crude for September rose 12 cents to stand at $49.34 a barrel in London afternoon deals.Bernard Aw, a strategist at IG Markets, ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyAugust 27, 2015
Reserves $18.509 bln