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Category: Industry

Kuwaiti Oil Reaches $75.54 a Barrel

The price of Kuwaiti oil increased $0.35 a barrel to $75.54 per barrel in trading yesterday, data showed today.

In global markets, Brent crude futures fell by $0.58, reaching $74.38 per barrel at settlement, while US West Texas Intermediate crude fu…

Oil Rises, Heads for Weekly Gain

Oil prices rose on Friday and are on track for a weekly gain of more than 1% amidst tensions in the Middle East, the world’s top oil-producing region.

Brent crude futures climbed 45 cents, or 0.6%, to $74.83 a barrel.

US West Texas Intermediate cru…

Oil Prices Fall at Settlement

Oil prices fell Thursday at settlement at the end of trading.

Brent crude futures fell by 58 cents, or 0.77 percent, to settle at $74.38 per barrel.

U.S. West Texas Intermediate (WTI) crude futures fell 88 cents, or 0.82 percent, to settle at $70.1…

S. Korea’s Economy Grows Weaker Than Expected in Q3

South Korea’s economy grew at a slower-than-expected rate in the third quarter of the year amid softening export growth, central bank data showed Thursday, as exports slowed while domestic demand and investment in facilities improved slightly.

The c…

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