Oil prices edged lower on Friday, but were on track to end higher for a second straight week following a steep interest-rate cut by the US Federal Reserve and declining global stockpiles. Brent futures traded lower 26 cents, or 0.4%, to $73.62 a barrel, but gained 4.3% this week. US WTI crude futures were down 15 cents, or 0.2% at $71.80 a barrel, and registered weekly gains of 4.8%. The benchmarks have been recovering after they fell to near three year-lows on Sept. 10, and have registered gains in five of the seven sessions since then. Source: Qatar News Agency
Related Articles
USD down at KD 0.306, Euro up to KD 0.335 — CBK
The US dollar on Sunday dropped by 0.10 percent to KD 0.306 and the Euro rose 1.03 percent to KD 0.335, compared with Thursday’s rates.The Central Bank of Kuwait (CBK) said in its daily bulletin that the British sterling pound rose by 1.34 percent to K…
Qatari Businesswomen Association Concludes Participation in WTO Public Forum 2024
Doha: Qatari Businesswomen Association (QBWA) successfully concluded its participation in the World Trade Organization’s Public Forum that recently took place in Geneva “Re-Globalization: Better Trade for a Better World.” The association stated in a s…
Minister of Trade: Memorandums of understanding are the legal framework for the work of businessmen in Iraq and Turkey
The Ministry of Trade and its Turkish counterpart signed a memorandum of understanding to form the Iraqi-Turkish Trade and Economic Committee, which reflects the joint commitment to strengthening economic cooperation between Iraq and Turkey, and a pla…