Friday 1 August 2014

Brent falls below $108 on US jitters

Brent crude slipped below $108 a barrel on Monday and was on track for its first monthly drop in four months, as tensions over Iran eased and as a potential US government shutdown clouded the outlook for demand. Republicans and De


Brent steady at $108 amid ME tensions

Brent futures held around $108 a barrel on Friday, as uncertainties surrounding the global economic outlook weighed on prices, while a showdown between Israel and the Palestinians stoked worries about supply. Oil investors are wor


US beefs up Gulf naval force amid Iran tensions

A US navy ship that had been slated for decommissioning has been sent instead to the Gulf to help mine-clearing operations, the US Fifth Fleet based in Bahrain said, the latest move in a gradual US build-up as tensions with Iran smoulder.


Oman bank to maintain easy policy

Oman's central bank is likely to keep its policy stance accommodative to boost confidence in the non-oil sector, although inflation may rise due to government spending to rein in social tensions. The Sultanate, hit by social unrest ea


China urges region to step back from Korea clash

China deflected pressure to censure North Korea at a regional summit on Sunday, instead urging its neighbours to calm tensions over the sinking of a warship and avoid any clash that could shake Asia. Seoul and Tokyo blame North Korea, whos

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