Kuwait Oil Price Down to USD 82.61 PB

Price of Kuwaiti oil dropped USD 1.29 to settle at USD 82.61 per barrel on Wednesday compared with USD 83.90 pb the day before, Kuwait Petroleum Corporation (KPC) said in on Thursday.

Globally, the price of Brent crude rose by 70 cents to USD 81.71 p…

Oil Prices Rise at Settlement

Oil prices rose at settlement at the end of Thursday’s trading, after strong US economic data boosted expectations of higher demand for crude, but concerns about lower Chinese oil imports limited gains.

Brent crude futures for September delivery rose…