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May 6, 2026

US Crude Oil Inventories Decline by 2.3 Million Barrels

Washington: The US Energy Information Administration confirmed that US inventories of crude oil, gasoline, and distillates declined over the past week. In a statement issued on Wednesday, the agency said crude oil inventories fell by 2.3 million barre…

Kuwait Oil Prices Rises by $3.95

Doha: Kuwaiti oil prices rose by $3.95 to reach $123.38 per barrel in Tuesday’s trading, compared to $119.43 per barrel on Monday, according to Kuwait Petroleum Corporation (KPC).

According to Qatar News Agency, in global markets, Brent crude fell b…