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GMC GROUP FOR INDUSTRIAL COMME   1.29        Telecom Egypt   11.48        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Modern Company For Water Proof   1.03        Egyptian Real Estate Group   6.85        Pioneers Holding   2.84        Ezz Steel   7.86        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Naeem Holding   0.19        Egyptian Iron & Steel   6.87        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Egyptian for Tourism Resorts   0.69        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Palm Hills Development Company   1.61        Credit Agricole Egypt   9.04        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        Rowad Tourism (Al Rowad)   5.05        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Egyptian Transport (EGYTRANS)   7.85        Sharkia National Food   3.78        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        


The Watch - forex news

Amwal Al Ghad English - 2017-10-26 07:04:46
Euro prices inched higher on Thursday as investors awaited details of the European Central Bank's plans for scaling back its bond- buying programme, while the dollar took a breather after its recent rally. The euro inched up 0.1 percent to $1.1824, having edged up from a two-week low of $1.1725 that had been set on Monday. The ECB is widely expected to announce a scaling back of its bond-buying stimulus on Thursday, taking its biggest step yet in unwinding years of loose monetary policy. According to a Reuters poll of economists, the ECB is seen likely to announce that it will start trimming its asset purchases to 40 billion euros per month starting from January, down from the current 60 billion euros. Most economists also expect the ECB asset-buying program to be extended by either six months or nine months after the current program expires at the end of this year. "In terms of the outcome, the likelihood is that there is a discussion between six months and a reduction to 40 billion (euros), or nine months and a reduction to 30 billion," said Sim Moh Siong, FX strategist for Bank of Singapore. If the outcome is along those lines, there is unlikely to be any major impact on the euro, and the focus will turn back to dollar-related factors, Sim added. The dollar took a breather after having rallied over the past week on optimism over the prospects for U.S. tax reforms, as well as speculation that the next chair of the Federal Reserve could steer policy in a more hawkish direction. The dollar index, which measures the greenback's value against a basket of six major currencies, slipped 0.2 percent to 93.570, edging away from a two-week high of 94.017 set on Monday. The dollar has been bolstered recently by optimism about the prospects for a tax-cut plan, and as investors pondered the possibility that Stanford University economist John Taylor could become the next Fed chief. Taylor favors a rule-based approach to setting interest rates and is seen as someone who may put the Fed on a path of faster rate hikes compared with Fed Chair Janet Yellen, whose term expires next February. U.S. President Donald Trump is expected to announce his Fed chair candidate before his Asian trip in early November. Trump's other possible nominees to head the Fed include Yellen, Fed Governor Jerome Powell, his economic adviser Gary Cohn and former Fed Governor Kevin Warsh. Against the yen, the dollar eased 0.2 percent to 113.54 yen, down from Wednesday's three-month high of 114.245 yen. A pull-back in U.S. 10-year Treasury yields from their recent highs helped temper the dollar's momentum, said Satoshi Okagawa, senior global markets analyst for Sumitomo Mitsui Banking Corporation in Singapore. "If Taylor is chosen and U.S. bond yields rise above 2.5 percent, the dollar will probably climb above 115 yen," he said. But if Trump chooses someone who is seen as being less hawkish than Taylor for the Fed's top post, the dollar may have a hard time breaching that threshold, Okagawa added. The ten-year U.S. Treasury yield last stood at 2.426 percent, down from Wednesday's seven-month peak at 2.475 percent. More»
Amwal Al Ghad English - 2017-10-26 07:01:35
U.S. oil prices extended declines on Thursday after government data showed a surprise climb in U.S. crude inventories. NYMEX crude for December delivery was down 2 cents at $52.16 a barrel by 0107 GMT, after ending the last session down 29 cents, or 0.6 percent. London Brent crude for December delivery was down 1 cent at $58.43. It settled Wednesday up 11 cents, supported by comments from Saudi Arabia's energy minister on Tuesday reiterating the country's determination to end a three-year supply glut. Brent hit an intraday high of $58.74 on Wednesday, moving back towards a 26-month peak marked in late September. U.S. crude inventories rose by 856,000 barrels last week, U.S. Energy Information Administration data showed on Wednesday. Analysts had expected a decrease of 2.6 million barrels. Gasoline stocks fell by 5.5 million barrels, compared with expectations in a Reuters poll for a drop of 17,000 barrels, helping push up U.S. gasoline futures. Distillate stockpiles, which include diesel and heating oil, fell by 5.2 million barrels, versus expectations for an 860,000-barrel drop, the EIA data showed. More»
Amwal Al Ghad English - 2017-10-26 06:29:19
Gold prices inched up on Thursday, after hitting a two-and-a-half-week low in the previous session, as the dollar eased ahead of a key European Central Bank meeting later in the day. The ECB is all but certain to cut back on its bond-buying stimulus, taking its biggest step yet in unwinding years of loose monetary policy. However, as low inflation remains a primary concern for the bank, any reduction in monthly asset purchases would be expected to come with an extension of the programme. "We suspect that the central bank could come across as somewhat more hawkish than what the market is currently expecting," INTL FCStone analyst Edward Meir said in a note. "As a result, we could see the euro strengthen post-policy statement, which would be short-term constructive for gold." The euro inched up 0.1 percent to $1.1819, while the dollar eased 0.1 percent to 113.60 yen. A stronger euro against the dollar could favor gold as it would make the greenback-denominated metal cheaper for holders of other currencies.Spot gold was up 0.2 percent at $1,279.96 an ounce by 0353 GMT. It hit its lowest since Oct. 6 at $1,270.63 an ounce in the previous session. U.S. gold futures for December delivery rose 0.2 percent to $1,281.20 an ounce. "Gold has been spurred higher as U.S. yields fell overnight and the dollar weakened ahead of this afternoon ECB meeting where the beginning of tapering is expected to be announced," said Jeffrey Halley, a senior market analyst with OANDA. The dollar's losses were seen limited, as the U.S. currency was broadly drawing support from strong Treasury yields, progress in tax reforms and speculation that next Federal Reserve chair could be a policy hawk. President Donald Trump had on Tuesday polled the Republicans on whether they would prefer Stanford University economist John Taylor or current Fed Governor Jerome Powell for the job, and more senators preferred Taylor. "A hawkish governor like Taylor could lead to a rise in bond yields and be negative for the gold price," said John Sharma, an economist with National Australia Bank. Spot gold may edge up to a resistance at $1,283 per ounce, a break above which could lead to a gain to $1,289, Reuters technicals analyst Wang Tao said. In other precious metals, silver rose 0.5 percent to$17 an ounce, while platinum and palladium were both 0.6 percent higher at $925.70 an ounce and $966 an ounce, respectively. More»
Amwal Al Ghad English - 2017-10-25 06:26:37
Oil prices were largely steady in early Asian trade on Wednesday, hovering near a four-week high hit a day earlier after top exporter Saudi Arabia said it was determined to end a supply glut. Brent crude, the global benchmark, was up 10 cents at $58.43 a barrel by 0103 GMT, after settling on Tuesday up 96 cents, or 1.7 percent. U.S. West Texas Intermediate crude was trading down 4 cents at $52.43 a barrel, having risen 57 cents on Tuesday. Saudi Arabia's energy minister said the focus remained on reducing oil stocks in industrialised countries to their five-year average and raised the prospect of prolonged output restraint once an OPEC-led supply-cutting pact ends. The Organization of the Petroleum Exporting Countries, plus Russia and nine other producers, have cut oil output by about 1.8 million barrels per day (bpd) since January. The pact runs to March 2018, but they are considering extending it. "We are very flexible, we are keeping our options open. We are determined to do whatever it takes to bring global inventories down to the normal level which we say is the five-year average," Falih told Reuters. U.S. crude stocks fell by 519,000 barrels last week, industry group the American Petroleum Institute said on Tuesday after settlement. That compared with analysts' expectations for a decline of 2.6 million barrels. Gasoline stocks fell by 5.8 million barrels, compared with analysts' expectations in a Reuters poll for a 17,000-barrel decline. Distillate fuels stockpiles, which include diesel and heating oil, fell by 4.9 million barrels, compared with expectations for a 860,000-barrel drop, the API data showed. The U.S. government's Energy Information Administration releases its report later in the day. More»
Amwal Al Ghad English - 2017-10-25 06:22:01
Gold prices slipped on Wednesday, pressured by a firmer dollar amid speculation over who will be the next U.S. Federal Reserve chief.Spot gold was down 0.1 percent at $1,274.91 an ounce by 0053 GMT. U.S. gold futures for December delivery fell about 0.2 percent to $1,276.30 per ounce. The dollar index, which measures the greenback against a basket of major currencies, was up 0.2 percent at 93.992. Asian shares trod water in early trade on Wednesday, while U.S. Treasury yields and the dollar got a lift following a report Republican senators were leaning towards John Taylor to be the next head of the Fed. U.S. President Donald Trump used a luncheon with Senate Republicans on Tuesday to get their views on who he should tap to be the next head of the central bank, according to senators who attended. A source familiar with the matter said Trump polled the Republicans on whether they would prefer Stanford University economist John Taylor or current Fed Governor Jerome Powell for the job, and more senators preferred Taylor. Tensions among Republicans about President Trump boiled over on Tuesday as two senators accused Trump of debasing U.S. politics and the country's standing abroad, a rebellion that could portend trouble for his legislative agenda. Investor expectations for long-term inflation in the euro zone rose to a seven-month high on Tuesday, an encouraging sign for the European Central Bank as it prepares to step back from its extraordinary monetary stimulus. The ECB is likely to decide the fate of its 2.3 trillion euro stimulus scheme on Thursday in one of the ECB's most keenly anticipated policy meetings for months. Private sector growth across the euro zone slowed more sharply than predicted this month, a survey showed on Tuesday, but activity remained strong even though firms increased prices at the steepest rate in over six years. The likelihood of a disorderly Brexit has crept higher but that won't deter the Bank of England from raising rates next week for the first time in a decade, even though many economists believe that would be a mistake, a Reuters poll showed on Tuesday. More»
Amwal Al Ghad English - 2017-10-25 06:18:33
Dollar prices traded within sight of a three-month high against the yen on Wednesday, underpinned by reports of Republican senators' support for John Taylor to become the next Federal Reserve chief. Against a basket of six major currencies, the dollar stood at 93.970. The dollar index had risen to 94.017 on Monday, its highest level since Oct. 6. The dollar last traded at 113.81 yen, down 0.1 percent on the day,but still not far from a three-month high of 114.10 yen set on Monday. The Australian dollar fell 0.7 percent to $0.7723 at one point, its lowest level since mid-July, after Australia's September-quarter consumer price index figures came in below market expectations, leading investors to further pare back the chance of an interest rate hike anytime soon. The euro held steady at $1.1757, with the near term focus on Thursday's European Central Bank policy meeting. The ECB is seen likely to announce that it will cut back its monthly bond purchases, probably from early next year. U.S. President Donald Trump used a lunch with Senate Republicans on Tuesday to get their views on who he should tap to be the next leader of the Federal Reserve, according to senators who attended. A source familiar with the matter said Trump polled the Republicans on whether they would prefer Stanford University economist John Taylor or current Fed Governor Jerome Powell for the job. More senators preferred Taylor over Powell, the source said. Trump also said he was considering reappointing the current head of the U.S. central bank, Janet Yellen, the source said. Taylor, a Stanford University economist, is seen as someone who may put the Fed on a path of faster interest rate increases. He favours a rule-based approach to setting rates. The dollar could gain a lift in the near term if someone who is seen by markets as having a more hawkish stance on monetary policy, such as Taylor, is actually chosen as the next Fed chair, said Roy Teo, investment strategist for LGT Bank in Singapore. "The market has started to price in a more hawkish Fed chair," he said. Teo added that he sees the dollar rising towards the 115 yen to 120 yen area by the first quarter of 2018, but added that the greenback's gains may then start to fade. The reports of support for Taylor as the next Fed chief, helped offset news that Republican infighting might hamper the passage of a tax cut plan. Optimism for a tax overhaul slipped following a CNBC report citing an aide of Senate leader Mitch McConnell that three GOP Senators may not back the Republican tax bill. The outlook for the tax bill grew dimmer after Republican Senator Jeff Flake, a critic of Trump, said he would not seek re-election in 2018. This stoked worries among traders of even less support for a tax-cut plan, analysts said. More»
Amwal Al Ghad English - 2017-10-24 09:34:30
Oil prices edged up Tuesday, backed by declining exports from southern Iraq. Oil exports from southern Iraq have fallen by 110,000 barrels per day this month, according to shipping data and an industry source, adding to the drop in flows caused by a shortfall from the northern Kirkuk fields when Iraqi forces retook control from Kurdish fighters who had been there since 2014. The drop in northern Iraqi shipments has supported global oil prices in recent days. But southern exports, the outlet for most of the country's crude, have been stable in recent months, making the decline unexpected. London Brent crude for December delivery was up 6 cents at $57.43 a barrel by 0055 GMT after settling down 38 cents on Monday. U.S. crude for December delivery was up 3 cents at $51.93, having settled up 6 cents. Crude oil exports through the Iraqi Kurdistan controlled-pipeline to the Turkish port of Ceyhan rose 13 percent to 288,000 barrels per day (bpd) on Monday afternoon, less than half the normal levels, a shipping source told Reuters. U.S. crude inventories likely fell by 2.5 million barrels last week, while gasoline and distillate stockpiles also probably fell by at least 1.5 million barrels, a preliminary Reuters poll showed on Monday ahead of data by the Industry group the American Petroleum Institute later in the day. More»
Amwal Al Ghad English - 2017-10-24 09:34:28
The dollar inched down Tuesday, stepping back from recent highs as market attention turns to who will be the next head of the U.S. central bank. U.S. President Donald Trump told reporters Monday he is "very, very close" to deciding who should chair the Federal Reserve after interviewing five candidates for the position. These include current Fed Chair Janet Yellen, whose term expires in February, as well as Fed Governor Jerome Powell, Stanford University economist John Taylor, Trump's chief economic advisor Gary Cohn, and former Fed Governor Kevin Warsh. "It's a big question for the markets. It's one thing to speculate about it,but it's another to take an FX position," said Bart Wakabayashi, branch manager for State Street Bank in Tokyo. "Still, the rumors trigger some selling and buying, on perceptions of who might be more dovish or more hawkish," he said. Investors are also following U.S. tax reform developments. The Senate's approval of a budget resolution on Friday raised hopes that Trump's tax plans would move forward this year. The dollar index, which tracks the greenback against a basket of six major rivals, was down 0.2 percent at 93.741, moving away from 94.017, which had been its highest since Oct. 6. The dollar inched 0.1 percent lower to 113.35 yen, pulling away from a three-month high of 114.10 yen hit in the wake of Sunday's general election in Japan. Prime Minister Shinzo Abe's coalition scored a decisive victory, reassuring investors that his "Abenomics" policies would continue, including the Bank of Japan's easy monetary policy. "The risk-on sentiment has stalled for now," said Masashi Murata, senior currency strategist at Brown Brothers Harriman in Tokyo. "The Japanese election result was not so surprising, and was mostly priced in," he said. The euro added 0.1 percent to $1.1762, though its gains were seen capped ahead of the European Central Bank's policy meeting on Thursday, where the authority is expected to signal it will take small steps away from its ultra-easy monetary policy. Catalonia's separatist crisis pressured the euro. Madrid has invoked special constitutional powers to dismiss the Catalonian regional government and force elections to counter the independence movement. A vote in the national Senate to implement direct rule on Catalonia is due on Friday. The New Zealand dollar, meanwhile, had the rug pulled out from under it after the country's incoming Labour government laid out its left-leaning policies. It was last down 0.2 percent at $0.6949, within sight of a five-month low of $0.6932 plumbed on Monday. The policies were seen as unfriendly to foreign investment and immigration, and could weigh on the currency given the country runs a current account deficit. More»
Amwal Al Ghad English - 2017-10-23 06:17:36
Gold prices hit its lowest in over two weeks early on Monday, as the dollar climbed to a more than three-month high versus the yen after Japan's ruling bloc scored a big win in Sunday's election, leaving the door open to ultra-loose monetary policy for longer. Spot gold was down 0.4 percent at $1,275.70 an ounce by 0313 GMT, after hitting its lowest since Oct. 6 at $1,273.80 earlier in the session. U.S. gold futures for December delivery fell 0.3 percent to $1,277.20 per ounce. "This move is just really because of the dollar strength," said Yuichi Ikemizu at ICBC Standard Bank in Tokyo. "There's no news on North Korea this past week or so. If some news comes out, gold might be supported but at the moment people are just watching the dollar." Geopolitical risks can boost demand for safe-haven assets such as gold and the Japanese yen. Japanese Prime Minister Shinzo Abe's Liberal Democratic Party-led (LDP) coalition won a combined 312 seats, keeping its two-thirds "super majority" in the 465-member lower house, local media said. Abe's victory eased fears that the economic steps implemented under his leadership - such as the Bank of Japan's super easy monetary policy - would be disrupted and halt the yen's depreciation against the dollar. The dollar also rose against a basket of major currencies, supported by a rise in U.S. Treasury yields and progress in tax reforms. President Donald Trump's tax reform plans won partial support on Friday when Republican Senator Rand Paul said he was "all in" for massive tax cuts, but the party was still far from united over how to achieve the main item on its domestic agenda. The top U.S. Senate Republican and the White House budget director said on Sunday they hoped for action on a Republican tax reform package by the end of the year, while keeping their options open on how to pay for sweeping tax cuts. Meanwhile, Trump is considering nominating Federal Reserve Governor Jerome Powell and Stanford University economist John Taylor for the central bank's top two jobs. Powell is considered less hawkish than Taylor who is seenadvocating higher interest rates. Current Chair Janet Yellen, whose term expires in February,on Friday said the Fed's tools must remain part of its arsenal as long as the economy remains stuck in a low interest-rate economy. Higher U.S. interest rates tend to boost the dollar and push bond yields up, putting pressure on the greenback-denominated, non-yielding gold. Spot gold may seek support in a narrow zone of $1,271-$1,273 per ounce before bouncing towards $1,283, Reuters technicals analyst Wang Tao said. In other precious metals, silver was down 0.3 percent at $16.95 an ounce. Platinum fell 0.7 percent to $913.90 an ounce and palladium dropped 0.6 percent to $969. More»
Amwal Al Ghad English - 2017-10-23 06:13:14
Oil prices rose on Monday over supply concerns in the Middle East and as the U.S. market showed further signs of tightening while demand in Asia keeps rising. Brent crude futures, the international benchmark for oil prices, were at $57.84 at 0056 GMT, up 9 cents, or 0.16 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $52.03 per barrel, up 19 cents, or 0.37 percent. "Oil prices are holding comfortably above $50 as possible supply disruptions in the Kurdish region of Iraq support prices," said William O'Loughlin, investment analyst at Rivkin Securities. "U.S. production was also recently impacted by a hurricane for the second time in as many months and the number of U.S. drilling rigs declined for the third week in a row," O'Loughlin said. The amount of U.S. oil rigs drilling for new production fell by seven to 736 in the week to Oct. 20, the lowest level since June, General Electric Co's Baker Hughes energy services firm said on Friday. Much will depend on demand to guide prices, with the U.S. market tightening, flows from Iraq reduced due to fighting between government forces and Kurdish militant groups, and production still being withheld as part of a pact between the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC producers to tighten the market. In the main growth areas of Asia, consumption remains strong especially in China and India, the world's number one and three importers. India imported a record 4.83 million barrels per day (bpd) of oil in September as several refiners resumed operations after extensive maintenance to meet rising local fuel demand. The country's September imports stood 4.2 percent above this time last year and about 19 percent more than in August, ship-tracking data from industry sources and Thomson Reuters Analytics showed. Given the tightening oil market conditions, many analysts expect prices to rise further. "We will see oil prices higher by 10 percent by the end of the year. We have started to accumulate strong positions within the oil sector," said Shane Chanel, equities and derivatives adviser at ASR Wealth Advisers. More»