The price of Kuwaiti oil barrel went up by USD 1.51 to USD 77.91 per barrel (pb) on Friday, compared with USD 76.40 the previous day, said Kuwait Petroleum Corporation (KPC) on Saturday.

Globally, Brent crude oil went up by USD 1.80 to reach USD 79.0…

The United States has purchased nearly 2.5 million barrels of oil to help replenish the Strategic Petroleum Reserve after the largest-ever withdrawal from the emergency reserve in 2022.

The U.S. Department of Energy said that approximately 800,000 ba…

Oil prices rose more than 1 percent Friday, as the US dollar fell.

Brent crude futures rose 95 cents, or 1.23 percent, to USD 78.17 a barrel, while US West Texas Intermediate (WTI) crude futures rose USD 1.06, or 1.45 percent, to USD 74.07 a barrel….

European stock markets stabilized at the start of trading today. The European Stoxx 600 index rose by 0.1% to 516.28 points, after reaching its highest level this month in the previous session. The index is on track to rise for the third consecutive …