Kuwait city: The price of the Kuwaiti oil barrel decreased by USD 16.66, settling at USD 146.42 per barrel on Tuesday, compared to USD 163.08 the previous day. This information was provided by the Kuwait Petroleum Corporation (KPC) on Wednesday.
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Doha: Gold rose more than 2% on Wednesday, buoyed by a softer dollar, while a drop in oil prices eased concerns about elevated inflation and higher global interest rates, amid reports of a US plan to end the Middle East war. Spot gold rose 2.1% to $4,…
Doha: Currency markets showed signs of fatigue early in Asian trade on Wednesday, with traders cautious over US President Donald Trump’s efforts to bring an end to the war with Iran. The US dollar index, which measures the greenback’s strength against…
Doha: Oil prices dropped by more than 5% Wednesday amid expectations of a possible ceasefire that could ease supply disruptions in the Middle East, following reports of diplomatic efforts to end the conflict. Brent crude futures fell $6.21, or 5.9%, t…