West Texas Intermediate dropped for the first time in four days amid speculation that a U.S. employment data today will spur the Federal Reserve to keep curtailing bond purchases in the world’s largest oil consumer.
Vessel will then sail to Turkey for loading crude for shipment to Asia, National Oil Corp. spokesman Mohamed Elharari says by phone. *Suezmax ship Barbarosa, able to haul 1 million barrels, is off Benghazi’s coast having previously sailed to Trieste in Italy: ship tracking data BMAP VESSEL BARBAROSA <GO> *NOTE: Crude oil exports in eastern Libya have been halted by protesters at ports
Arqaam Capital Ltd., the Dubai-based investment bank expanding across the Middle East and Africa, said it plans to open in Saudi Arabia within the next year to take advantage of rising demand for assets in the region.
Euro-area members Greece, Portugal and Cyprus are seeking closer ties with the European Bank for Reconstruction and Development, which is expanding investments around the Mediterranean, the lender’s president said.
The U.S. Securities and Exchange Commission suspended trading in 255 dormant shell companies “ripe for abuse” in the over-the-counter market as part of “Operation Shell-Expel,” an effort to fight fraud in the microcap market, the agency said in a statement.