Singapore, Crude prices are heading for a fourth week of strong gains, remaining near their highest levels since late April, fueled by hopes of strong US fuel demand during the summer and some concerns about supplies. Brent crude futures dropped two cents in Asian trading today to $87.41 per barrel, after rising seven percent over the past four weeks. Meanwhile, US West Texas Intermediate (WTI) futures, which climbed nine percent over the same period, rose nine cents to $83.97 per barrel. The rise in oil prices this week is supported by expectations of increased demand during the summer in the United States, the world's largest oil consumer. Source: Qatar News Agency
Related Articles
CBK announces new bonds, tawarruq worth KD 200 mln
The Central Bank of Kuwait (CBK) announced Monday news bonds and related tawarruq valued at KD 200 million (USD 600 million).
In a statement to KUNA, the CBK said that the securities bear a 4.375 percent rate with a three-month maturity rate.
Sourc…
European Stock Indices Close at Highest Level in More Than Month
European stock indices rose on Friday at the close and achieved their second weekly gain in a row thanks to strong business results and optimism among investors regarding an interest rate cut in the US next September.
The European Stoxx 600 index clo…
Kuwait’s June trade surplus with Japan up 32.7 pct.
TOKYO, Kuwait’s trade surplus with Japan widened 32.7 percent from a year earlier to JPY 90.1 billion (USD 556 million) in June, up for the second consecutive month buoyed by strong exports, government data showed on Thursday.
Kuwait stayed in black …