The price of Kuwaiti oil went up 47 cents to USD 76.75 pb on Wednesday, compared to USD 76.28 pb the day before, said Kuwait Petroleum Corporation (KPC) Thursday, according to Kuwait’s news agency (KUNA).
On a global scale, the price of the Brent cru…
Oil prices recovered in Asian trading on Wednesday on heightened Middle East tensions, but gains were capped by weak demand.
Brent crude futures rose 17 cents, or 0.16 percent, to USD 76.60 a barrel.
US West Texas Intermediate (WTI) crude rose 17 ce…
The US Energy Information Administration announced Thursday that crude oil, gasoline and distillate inventories in the United States fell last week, while gasoline inventories rose.
The administration, which is the statistical arm of the US Departmen…
The Japanese yen dropped on Wednesday after Bank of Japan (BOJ) Deputy Governor Shinichi Uchida stated that the central bank would not raise interest rates in the near term, easing trader concerns about another potential rise in the yen that could dis…