Trading

Kuwaiti Oil Price Rises to $87.39 a Barrel

The price of Kuwaiti oil went up by $0.88 to $87.39 a barrel on Thursday as opposed to $86.51 a barrel last Wednesday, Kuwait Petroleum Corporation (KPC) said today.

In the global markets, Brent crude futures rose $0.32 to reach $85.4 a barrel, while…

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Gold Prices Decline, but Set for Weekly Gains

Gold prices declined on Friday, but are poised to record gains for the 3rd consecutive week, amid hopes that the US Federal Reserve will cut interest rates in September.

Spot gold slipped 0.2% at $2,409.19 per ounce after rising 2% on Thursday. US go…

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Oil Rises on Cooling US Inflation

Oil prices went up on Friday amid signs of easing inflationary pressures in the United States, though the contracts were headed for a weekly decline.

Brent crude futures rose 33 cents, or 0.4%, to $85.73 a barrel. US West Texas Intermediate crude fut…

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European Stocks Close Higher

European stocks closed higher at the end of Tuesday’s trading , as global markets remained optimistic about the possibility of the Federal Reserve (the US central bank) cutting interest rates at a significant pace.

The European Stoxx 600 index closed…

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Oil Prices Rise at US Market Close

Oil prices rose at settlement at the end of Wednesday’s trading, following the announcement of a decline in crude oil and gasoline inventories in the US last week.

Brent crude futures rose by 42 cents, or 0.5 percent, to reach $85.08 per barrel upon …

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