98954 For more information, visit http://www.worldbank.org/prospects Taking Stock  Euro Area private sector continued to expand. The Markit Eurozone final composite output index climbed to an 11-month high of 54.0 in March from 53.3 in February (Figure 1). Both the manufacturing and service sectors contributed to the expansion. The services Purchasing Managers' Index (PMI) came in at 54.2 in March, up from 53.7 in February, while the manufacturing PMI rose to 52.2 in March from 51.0 in February. The Sentix investor confidence index for the Eurozone rose from 18.6 in March to 20.0 in April, the highest since August 2007.  Greece made loan repayment to the IMF. Greece repaid a €450 million loan installment to the International Monetary Fund on Thursday, helping lift European stocks to a seven-year high. Greece has not received bailout funds since August last year and has resorted to measures such as borrowing from state entities to finance its operations. As a requirement for the release of the next tranche of aid funds, the Greek government proposed a new package of reform measures last week, which is still under review.  Brazil’s PMIs signaled private sector contraction. Amid a corruption scandal, droughts and accelerating inflation, Brazil's private sector contracted the most in six years during March, with activity falling in both manufacturing and service sectors. The HSBC Brazil Composite Output Index declined to 47.0 from 51.3 in February, the largest drop since April 2009. The PMI for the services sector declined to a 70-month low of 47.9 in March from 52.3 in February. The manufacturing PMI plummeted from 49.6 in February to 46.2 in March, a 42-month low.  Mexico issued 100-year euro-denominated bond. Mexico issued its first 100-year euro-denominated bonds and its third so-called “century” bond on Wednesday as it sought to take advantage of attractive pricing conditions provided by the depreciating euro. The country offered €1.5 billion of debt due in April 11, 2115 at a yield of 4.2 percent. Meanwhile, consumer price inflation remained stable at 3.1 percent (y/y) in March, following February’s 3.0 percent increase (Figure 2). Core inflation inched up to 2.5 percent from 2.4 percent in February.  Ethiopia launched basin development study. Ethiopia has launched a $2.6 million study to develop the Baro- Akobo-Sobat sub-basin, which stretches across Ethiopia and South Sudan. The study, expected to take 21 months to complete, will incorporate power generation and sale, irrigation, basin rehabilitation as well as wetland management. FIGURE 1 Eurozone Purchasing Managers’ Indexes continued to FIGURE 2 Mexico’s consumer price inflation remained broadly advance in March stable in March Index (>50 indicates expansion) Percent Headline Core 56 Composite Services Manufacturing 5 54 4 52 50 3 48 46 2 Apr-13 Apr-14 Jul-13 Jul-14 Oct-13 Oct-14 Jan-13 Jan-14 Jan-15 Oct-13 Oct-14 Apr-13 Jul-13 Apr-14 Jul-14 Jan-14 Jan-15 Jan-13 Source: Haver Analytics. Source: Haver Analytics. Produced by DECPG (Derek Chen, Gerard Kambou, Jiayi Zhang). Number 258 | April 10, 2015 Weekly Insight: How Resilient Is Sub-Saharan Africa? 1 Growth in Sub-Saharan Africa appears to be fairly resilient to a variety of external shocks. In contrast, it is highly vulnerable to domestic shocks such as drought or civil conflict.  Growth in Sub-Saharan Africa appears to be fairly resilient to a prolonged recession in high-income countries. A prolonged slowdown in high-income countries and disruption to global capital flows would dampen growth in several Sub-Saharan African countries. Investment in countries that rely on capital inflows would drop significantly, while slower external demand would reduce the volume of exports. The effects of a downturn in capital flows would be tempered by the fact that the number of resource-rich Sub-Saharan African countries, which are net exporters of capital, is rising. If large resource-rich countries are able to absorb and invest their excess capital domestically, expanding output accordingly, GDP in net capital exporters would rise significantly, offsetting the adverse effects on net capital importers. As a result, Sub-Saharan Africa’s GDP would only fall marginally below the baseline in 2025.  The region is more vulnerable to falling growth rates in the BRICS. From negligible trade flows two decades ago, China has become Africa’s major trading partner and, together with Brazil and India and Russia, “BRIC” countries buy 44 percent of Africa’s exports, mainly commodities . This deepening trade link implies that African economies are increasingly more vulnerable to lower growth rates in the BRICS. Under the scenario of a persistent slowdown in the BRICS, Sub-Saharan African countries’ exports would fall sharply relative to the baseline. The region’s GDP would drop significantly below the baseline by 2025. In contrast to the scenario of a prolonged recession in high-income countries, activity in all Sub-Saharan Africa countries would be reduced by slowing growth in the BRICS.  Sub-Saharan African economies are sensitive to domestic shocks, such as drought and civil conflict. Given that agricultural and food expenditures constitute a high share of household budgets in Sub-Saharan African countries, a drought leads to a substantial decrease in real consumption in the absence of government or international intervention. Conflict is a significant contributor to growth collapses or decelerations among African countries. Even though investment quickly recovers to and rises above the pre-conflict level, the capital stock and GDP in the countries hit by civil unrest remain well below the baseline levels for several years following the conflict. In the medium term, these domestic shocks would inflict greater damage in terms of forgone poverty reduction than the external shocks. The poverty headcount at PPP$1.25/day in the conflict and drought scenarios would be greater by 2.1 and 1.0 percentage points, respectively, relative to the baseline in 2025, adding 26 million and 12 million more people in poverty, respectively. FIGURE 3 Sub-Saharan Africa has been resilient to global FIGURE 4 The slowdown in BRICS and conflict scenarios have recession and weak recovery. the largest impacts on GDP. Percent annual GDP growth Percent deviation from baseline GDP in 2025 Developing (Except China and India) Collapse of Slowdown in 10 capital flows BRICS Drought Conflict High income 8 Sub-Saharan Africa 0 6 -1 4 -2 2 0 -3 -2 -4 -4 1990 92 94 96 98 02 04 06 08 10 12 2000 -5 Sources: World Development Indicators. Sources: World Bank staff simulations. 1 Based on Devarajan, Go, Maliszewska, Osorio-Rodarte, and Timmer ( 2013), World Bank Policy Research Working Paper 6517. Produced by DECPG (Maryla Maliszewska, Gerard Kambou and Jiayi Zhang). Number 258 | April 10, 2015 Major Data Releases Fri, 27 Mar - Thu, 2 Apr 2015 Upcoming releases: Fri, 3 Apr - Thu, 9 Apr 2015 Country Date Indicator Period Actual Forecast Previous Country Date Indicator Period Previous United States 4/3/2015 Unemployment Rate MAR 5.5% 5.5% 5.5% Eurozone 4/14/2015 Industrial Production (Y/Y) FEB 1.2% Brazil 4/6/2015 PMI Composite MAR 47.0 48 51.3 United States 4/14/2015 PPI (Y/Y) MAR -0.6% Philippines 4/6/2015 Core CPI (Y/Y) MAR 2.7% 2.4% 2.5% South Korea 4/14/2015 Unemployment Rate MAR 3.9% Eurozone 4/7/2015 PPI (Y/Y) FEB -2.8% -3.1% -3.5% China 4/14/2015 GDP(Y/Y) Q1 7.3% Germany 4/9/2015 Industrial Production (Y/Y) FEB -0.3% 1.0% -0.1% Germany 4/15/2015 CPI (Y/Y) MAR 0.1% Greece 4/9/2015 Unemployment Rate MAR 25.7% 26.1% 25.9% Turkey 4/15/2015 Unemployment Rate JAN 10.4% Economic Developments indicators expressed as %ch y/y, except Industrial Production quarterly figures are %ch q/q, annualized 2014 2014 2015 2010 2011 2012 2013 Q1 Q2 Q3 Q4 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Industrial Production, S.A. World 8.8 4.7 3.1 2.5 3.8 2.1 2.4 4.1 3.8 3.6 3.5 3.4 3.4 2.5 3.4 3.1 2.8 3.3 2.6 2.42 High Income Countries 7.7 2.9 1.1 0.6 3.2 -0.1 0.2 3.5 3.0 2.8 2.2 2.2 2.3 1.0 1.7 1.7 1.4 2.0 1.7 1.13 Developing Countries 10.9 7.9 6.3 5.5 4.7 5.4 5.5 4.9 4.9 4.8 5.5 5.4 5.0 4.8 6.0 5.1 5.0 5.4 4.1 4.29 East Asia and Pacific 14.2 11.3 9.0 8.9 4.8 8.0 6.9 8.5 7.5 7.9 8.2 8.6 7.8 6.6 7.7 7.1 6.6 7.3 6.4 6.24 East Asia x. China 8.9 0.7 4.1 4.7 -0.5 7.6 4.4 5.1 0.7 2.6 4.0 4.7 1.1 4.7 5.8 4.4 3.5 4.5 4.0 - Europe and Central Asia 10.9 13.1 8.9 2.2 5.2 2.0 1.4 -0.9 4.2 4.1 6.5 3.6 3.9 2.3 2.8 2.5 2.0 1.3 -0.1 1.71 Latin America and Caribbean 5.9 2.5 -0.1 0.9 1.1 -2.7 -0.6 -2.5 1.5 -2.3 -1.1 -2.8 -1.7 -1.2 -1.6 -0.9 -1.7 -1.0 -2.4 - Middle East and N. Africa 2.1 -8.4 5.6 -6.8 16.5 2.8 28.3 -3.6 -9.0 -8.8 -7.0 -4.1 -1.8 10.1 17.5 11.0 12.5 7.5 -0.4 - South Asia 9.3 5.5 1.1 1.7 6.9 5.7 2.0 -3.6 0.1 4.2 5.3 4.5 1.9 2.5 3.9 -0.9 4.8 4.0 3.6 - Sub-Saharan Africa 4.7 3.4 3.2 1.0 -3.0 -0.8 -5.0 10.9 -0.1 0.2 -1.6 0.6 -7.3 -0.6 6.4 1.6 -0.9 0.4 -1.3 -0.05 Inflation, S.A. 1 High Income Countries 1.7 2.8 2.0 1.5 1.4 2.0 1.8 1.5 1.5 2.0 2.0 2.0 1.8 1.7 1.7 1.7 1.5 1.2 0.9 1.0 Developing Countries 5.8 7.5 6.5 7.5 7.5 7.7 7.9 7.8 7.5 7.5 7.9 7.7 7.9 8.0 7.8 7.7 7.7 8.1 7.6 7.8 East Asia and Pacific 3.4 5.6 2.8 3.0 2.9 2.9 2.5 2.2 3.0 2.5 3.1 3.0 2.8 2.5 2.2 2.1 2.2 2.3 1.5 2.0 Europe and Central Asia 7.3 8.2 8.7 6.2 5.8 7.4 7.9 8.1 6.2 7.0 7.6 7.5 7.7 8.0 8.0 8.2 8.4 7.8 7.6 8.2 Latin America and Caribbean 6.4 7.5 6.7 9.8 12.5 13.9 15.5 16.9 12.9 13.6 13.9 14.2 14.9 15.5 16.0 16.3 16.6 17.7 17.2 17.0 Middle East and N. Africa 7.0 12.0 13.8 19.2 13.2 9.7 10.1 10.8 11.3 10.1 9.9 9.2 9.9 10.2 10.2 10.6 10.6 11.3 10.4 10.9 South Asia 10.3 9.8 9.4 10.1 8.1 7.8 6.7 4.2 8.1 8.4 8.1 6.8 7.3 6.9 5.8 4.8 3.5 4.4 5.1 5.1 Sub-Saharan Africa 7.5 10.1 11.3 8.2 8.8 9.5 9.6 7.6 8.8 9.0 9.5 10.0 9.9 10.0 8.8 7.5 7.8 7.5 6.9 6.7 1 Inflation is calculated as the GDP-weighted average for all groups. Trade and Finance indicators expressed as %ch y/y, except International Reserves are %ch p/p and trade quarterly figures are %ch q/q, annualized 2014 2015 2010 2011 2012 2013 Q1 Q2 Q3 Q4 Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb Exports, Nominal, US$, S.A. World 21.9 19.2 0.2 2.1 -2.7 5.0 2.3 -14.6 2.9 2.9 4.2 3.7 6.1 1.1 2.9 -1.1 -4.2 -3.2 -9.8 - High Income Countries 19.4 18.6 -1.1 1.3 0.4 3.0 -1.7 -17.8 5.3 3.8 4.3 2.8 5.5 -0.1 1.2 -2.7 -5.7 -4.8 -11.5 - Developing Countries 28.3 20.7 3.3 3.8 -9.6 9.6 12.1 -7.3 -2.4 1.0 4.0 5.6 7.5 4.0 6.6 2.6 -0.9 0.5 -6.3 11.1 East Asia and Pacific 30.8 19.7 6.3 6.5 -12.7 14.2 22.1 3.2 -4.0 2.1 5.1 7.6 11.2 8.2 12.7 8.3 3.5 5.9 -3.2 29.7 Europe and Central Asia 15.5 20.3 -0.1 -0.3 7.8 -4.9 -6.4 -26.1 8.9 3.2 6.6 5.4 6.0 -3.8 -1.0 -5.9 -8.6 -10.2 -11.5 - Latin America and Caribbean 28.4 23.3 1.7 0.5 -9.6 8.7 3.1 -25.9 -3.0 -0.8 0.9 1.7 5.5 -0.8 -0.4 -4.5 -9.1 -7.1 -9.0 -13.9 Middle East and N. Africa 24.3 15.1 2.1 - - - - - - - - - - - - - - - - - South Asia 34.3 31.6 -1.8 6.2 -9.4 3.2 7.3 -3.8 1.1 3.6 9.0 9.1 -0.6 0.4 -1.8 -7.0 5.7 -1.0 -9.5 -13.0 Sub-Saharan Africa 32.7 19.1 -2.9 0.2 -7.0 2.0 -17.3 -28.7 -7.8 -10.4 -8.2 -4.1 -8.9 -7.3 -7.2 -9.1 -16.6 -14.8 - - Imports, Nominal, US$, S.A. World 21.1 19.7 0.6 1.3 3.7 -2.0 2.1 -16.9 3.8 1.8 1.8 5.5 3.2 0.3 3.6 -2.2 -4.5 -4.2 -14.5 -14.7 High Income Countries 17.9 17.8 -1.0 0.3 4.2 1.2 -2.4 -19.7 7.6 4.4 4.2 6.4 5.5 0.3 2.0 -3.5 -5.7 -4.8 -14.2 -14.5 Developing Countries 29.7 24.5 4.6 3.5 2.6 -9.1 13.8 -10.3 -4.5 -3.8 -3.6 3.2 -2.0 0.3 7.4 0.8 -1.7 -2.7 -15.2 -14.9 East Asia and Pacific 37.3 24.2 5.7 6.1 2.5 -14.3 15.9 -8.9 -10.2 -2.0 -3.7 3.7 -2.5 -0.7 7.1 2.9 -5.1 -3.3 -17.6 -17.7 Europe and Central Asia 20.6 27.1 -0.2 2.9 -11.3 -6.7 -5.9 -9.0 -0.5 -6.0 -2.3 0.1 -7.2 -4.2 -4.5 -7.5 -8.1 -9.2 -16.6 -12.3 Latin America and Caribbean 29.0 22.5 3.8 3.0 3.5 -3.3 6.5 -7.5 2.8 -4.9 -2.5 2.4 -0.8 -1.9 7.6 -4.4 0.2 3.4 -8.5 -8.6 Middle East and N. Africa 15.0 18.0 9.8 - - - - - - - - - - - - - - - - - South Asia 33.9 31.4 4.0 -4.0 15.4 3.4 36.7 -15.6 2.2 -9.5 -10.1 8.7 4.2 7.0 23.0 6.9 20.7 -2.4 -12.1 -12.9 Sub-Saharan Africa 13.3 24.3 3.5 2.4 -4.8 12.5 4.4 - 3.5 0.1 6.1 2.6 1.1 2.7 2.9 6.5 - - - - International Reserves, US$ High Income Countries 10.2 11.3 9.2 3.6 0.8 0.7 -1.8 -1.5 0.3 0.0 0.3 0.5 -0.4 0.0 -1.3 -0.6 0.0 -0.9 0.3 -0.1 Developing Countries 15.6 10.5 5.2 8.2 1.8 1.5 -1.9 -1.7 0.7 1.0 0.1 0.4 -0.2 -0.1 -1.7 -0.7 -0.3 -0.7 - - East Asia and Pacific 19.3 11.9 4.5 12.2 3.0 1.2 -2.5 -1.4 0.8 0.9 0.1 0.3 -0.5 0.1 -2.1 -0.8 -0.3 -0.4 - - Europe and Central Asia 9.3 5.5 7.8 3.6 -2.9 3.4 -1.7 -7.2 0.6 1.6 0.7 1.0 -1.1 1.1 -1.7 -2.0 -1.1 -4.3 -0.9 -2.2 Latin America and Caribbean 16.2 16.3 8.4 -1.1 0.2 3.4 1.2 -1.2 0.1 1.6 0.6 1.2 1.1 0.0 0.1 -0.1 0.7 -1.8 0.5 -0.3 Middle East and N. Africa 6.1 3.0 5.9 3.0 -1.9 -2.2 -3.8 -3.2 -0.8 -0.8 -0.9 -0.6 -0.4 -1.1 -2.3 -0.2 -1.0 -2.1 - - South Asia 6.1 -0.9 0.4 -0.2 3.8 5.6 -0.6 2.0 3.3 2.9 1.1 1.5 1.3 -0.4 -1.4 0.5 -0.3 1.9 2.2 3.3 Produced by DECPG (Trang Nguyen, Gerard Kambou and Jiayi Zhang). Number 258 | April 10, 2015 Financial Markets 1 2013 2014 2014 2015 MRV Chg since 2010 2011 2012 2013 Q4 Q1 Q2 Q3 Q4 Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Sep-12 '08 3 Interest rates and LIBOR (%) U.S. Fed Funds Effective 0.18 0.10 0.14 0.11 0.09 0.07 0.09 0.09 0.10 0.10 0.09 0.09 0.09 0.09 0.09 0.12 0.12 0.11 0.11 0.12 -1.98 ECB repo 1.00 1.25 0.88 0.55 0.35 0.25 0.22 0.11 0.05 0.16 0.15 0.12 0.05 0.05 0.05 0.05 0.05 0.05 0.00 0.05 -4.20 US$ LIBOR 3-months 0.34 0.34 0.43 0.27 0.24 0.24 0.23 0.23 0.24 0.23 0.23 0.24 0.23 0.23 0.23 0.25 0.25 0.26 0.27 0.27 -2.55 EURIBOR 3-months 0.75 1.34 0.49 0.15 0.20 0.27 0.27 0.13 0.00 0.21 0.17 0.16 0.06 0.06 0.06 0.00 0.00 0.00 0.00 0.06 -4.89 US 10-yr Treasury yield 3.20 2.77 1.78 2.33 2.73 2.75 2.61 2.49 2.27 2.59 2.52 2.43 2.51 2.32 2.30 2.19 1.94 1.96 2.04 1.91 -1.81 German Bund, 10 yr 2.78 2.65 1.57 1.63 1.79 1.68 1.43 1.07 0.77 1.35 1.20 1.02 1.00 0.87 0.79 0.64 0.45 0.35 0.27 0.16 -4.03 Spreads (basis points) JP Morgan Emerging Markets 301 341 342 319 342 352 300 301 367 282 282 310 312 349 350 402 443 420 411 390 33 Asia 206 218 216 219 237 231 197 195 202 189 195 202 187 207 193 206 233 215 208 205 -91 Europe 247 301 320 267 290 301 265 262 319 236 244 274 270 295 293 368 417 396 384 348 35 Latin America & Caribbean 360 404 393 379 409 429 360 366 471 343 336 373 390 443 455 516 560 531 521 496 108 Middle East 342 366 449 435 428 408 376 369 398 360 372 379 358 395 388 411 452 452 443 442 -56 Africa 274 364 337 322 338 332 287 280 319 278 278 292 270 307 306 343 385 364 371 355 355 Stock Indices (end of period) 2 Global (MSCI) 331 300 340 409 409 411 429 417 417 429 423 432 417 419 426 417 410 432 425 425 32.7 High-Income ($ Index) 1280 1183 1339 1661 1661 1674 1743 1698 1710 1743 1714 1749 1698 1708 1740 1710 1678 1773 1741 1738 35.5 United States (S&P-500) 1258 1258 1426 1848 1848 1872 1960 1981 2059 1960 1931 2003 1981 2018 2068 2059 1995 2105 2068 2060 64.6 Euro Area (S&P-350$) 1124 1005 1143 1339 1339 1361 1401 1411 1401 1401 1380 1404 1411 1382 1425 1401 1502 1603 1624 1629 41.0 Japan (Nikkei-225) 10229 8455 10395 16291 16291 14828 15454 16174 0 15454 15621 15425 16174 16756 17460 0 17674 18798 19207 19035 55.8 Developing Markets (MSCI) 1151 916 1055 1003 1003 995 1051 1005 956 1051 1066 1088 1005 1016 1005 956 962 990 975 983 14.9 EM Asia 468 379 447 446 446 444 472 460 457 472 485 489 460 467 467 457 468 479 481 482 47.1 EM Europe 529 395 473 438 438 409 435 374 297 435 403 399 374 369 353 297 286 313 302 307 -39.6 EM Europe & Middle East 450 336 402 372 372 348 360 321 257 360 340 337 321 314 303 257 247 269 258 261 -36.2 EM Latin America & Caribbean 4614 3602 3798 3201 3201 3194 3370 3171 2728 3370 3399 3664 3171 3158 3008 2728 2555 2654 2451 2520 -28.7 Exchange Rates (LCU / USD) High Income Euro Area 0.76 0.72 0.78 0.75 0.73 0.73 0.73 0.76 0.80 0.74 0.74 0.75 0.78 0.79 0.80 0.81 0.86 0.88 0.92 0.93 32.1 Japan 87.76 79.74 79.85 97.61 100.51 102.78 102.14 104.04 114.60 102.07 101.75 102.98 107.39 108.02 116.40 119.37 118.37 118.71 120.30 119.58 10.8 Developing Brazil 1.76 1.67 1.95 2.16 2.28 2.37 2.23 2.28 2.55 2.23 2.22 2.27 2.34 2.45 2.55 2.65 2.64 2.82 3.15 3.16 77.7 China 6.77 6.46 6.31 6.15 6.09 6.10 6.23 6.16 6.15 6.23 6.20 6.15 6.14 6.13 6.13 6.19 6.22 6.25 6.24 6.20 -9.4 Egypt 5.63 5.94 6.07 6.87 6.89 6.96 7.07 7.15 7.15 7.15 7.15 7.15 7.15 7.15 7.15 7.15 7.27 7.59 7.60 7.58 39.8 India 45.73 46.67 53.41 58.55 62.00 61.79 59.90 60.65 62.03 59.76 60.06 61.01 60.87 61.50 61.79 62.80 62.20 62.07 62.49 62.50 36.7 Russia 30.37 29.41 31.06 31.86 32.56 35.07 34.96 36.31 48.02 34.37 34.75 36.17 38.01 40.96 46.27 56.83 64.43 64.13 60.31 57.55 125.4 South Africa 7.32 7.26 8.21 9.65 10.16 10.86 10.54 10.77 11.23 10.68 10.66 10.66 10.99 11.06 11.10 11.52 11.57 11.58 12.09 11.99 50.1 Memo: USA nominal effective rate 100.19 98.53 102.00 104.77 106.31 108.34 108.69 110.58 114.06 109.32 109.44 110.62 111.68 112.67 113.83 115.69 117.78 119.40 121.66 121.62 26.9 1 MRV = Most Recent Value. 2 MSCI Indices for Asia, Africa, and Europe and C. Asia, for 2008 are calculated from February-December, due to data availability. 3 Change expressed in levels for interest rates and spreads; percent change for stock market and exchange rates. Commodity Prices 2013 2014 2014 MRV Chg since 2010 2011 2012 2013 Q4 Q1 Q2 Q3 Q4 Jun Jul Aug Sep Oct Nov Dec Jan Feb Mar Sep-12 '08 3 1 Oil price, $/b, nominal 79 104 105 104 105 104 106 100 75 108 105 100 96 86 77 61 48 55 53 53 -45.8 Non - Oil Index 2 .. 97 85 79 75 76 78 73 70 76 75 74 71 70 71 69 66 65 0 63 .. Food Index 2 .. 99 97 89 85 86 89 75 74 86 79 76 72 72 75 75 73 72 70 69 .. 3 Metals and Minerals Index 103 117 99 94 92 88 87 89 83 87 90 90 87 84 84 80 75 74 73 75 -27.9 Baltic Dry Index 4 2755 1545 916 1215 1876 1375 983 948 1103 912 796 948 1101 1096 1332 881 727 539 576 596 -87.6 1 Simple average of Brent, Dubai and WTI. 2 Base Date = Jan 3, 2011 due to data availability. The Index component combination in the Weekly tables differs from that of the Pink Sheet. 3 Base Date = Jan 4, 2010 due to data availability. The Index component combination in the Weekly tables differs from that of the Pink Sheet. 4 Base Date = May 1, 1985 Produced by DECPG (Trang Nguyen, Gerard Kambou and Jiayi Zhang). Produced by DECPG (Trang Nguyen, Gerard Kambou and Xinghao Gong). Number 258 | April 10, 2015 Number 257 | April 3, 2015