Day: August 30, 2024

Oil Edges Higher amid Supply Concerns

Oil prices edged higher on Friday amid concerns over global supplies.

Brent crude futures for October delivery expire on Friday rose 23 cents, or 0.3%, to $80.17 a barrel.

The West Texas Intermediate for October delivery gained 20 cents, or 0.2%, to…

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Gold Prices Poised for Monthly Gain

Gold prices declined on Friday but are on track for a second consecutive month of gains, on prospects of a US interest rate cut in September, while traders awaited key US inflation data for further insights.

Spot gold was trading at $2,513.99 per oun…

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Kuwaiti Oil Barrel Prices Decline $0.88

Kuwait’s oil barrel fell $0.88 to $77.79 per barrel in trade on Wednesday against $78.67 in trading on Thursday, according to Kuwait Petroleum Corporation (KPC) reported price.

In global markets, Brent crude futures fell $1.29 cents to set the settle…

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