Price of Kuwaiti oil dropped USD 1.29 to settle at USD 82.61 per barrel on Wednesday compared with USD 83.90 pb the day before, Kuwait Petroleum Corporation (KPC) said in on Thursday. Globally, the price of Brent crude rose by 70 cents to USD 81.71 pb, while West Texas Intermediate crude rose by 63 cents to USD 77.59 pb. Oil prices settled higher on Wednesday, supported by large declines in US crude and fuel stocks, as well as growing supply risks from Canadian wildfires, but hovered close to their lowest level in six weeks due to concerns over weak global demand. Source: Qatar News Agency
Related Posts
Wall Street Journal: Likelihood of Second Trump Term Sends Treasurys Reeling
The increasing likelihood of Donald Trump winning a second term has helped spark a steep selloff in US government bonds, with investors betting policies including tax cuts could drive up deficits and inflation.
The Wall Street Journal said that treas…
HH the Amir Chairs Second Meeting of Supreme Council for Economic Affairs and Investment
HH the Amir Sheikh Tamim bin Hamad Al Thani, Chairman of the Supreme Council for Economic Affairs and Investment, chaired the Council’s second meeting of 2022, which was held at the Amiri Diwan yesterday morning.HH The Deputy Amir Sheikh Abdullah bin H…
Industrial Output of China’s Non-ferrous Metals Industry Rises in H1 2024
The value-added industrial output of China’s non-ferrous metals industry rose by 10.8 percent year on year in the first half (H1) of 2024, with the growth rate being 4.8 percentage points higher than the country’s general value-added industrial output…