Month: August 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…

Read More

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…

Read More

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…

Read More

July PPI Grows 7.19% YoY

The PPI for July 2024 came in at 116.43 points showing an increase of 0.60 percent and 7.19 percent on a monthly and yearly basis respectively, data from the National Planning Council showed today.

The four main sectors that make up the index are Min…

Read More

Eurozone Inflation Falls to 3-year Low

Eurozone inflation fell to its lowest level in three years this month, reinforcing expectations of another interest rate cut by the European Central Bank (ECB) in September.

According to preliminary data released by the European statistics agency Eur…

Read More

Oman Oil Price Rises USD 1.63

Oman oil price (October 2024 delivery) today reached USD 78.05, comprising a rise by USD 1.63, compared to the price of Thursday, which stood at USD 76.42.

According to Oman new agency (ONA), the average price of Oman oil (August 2024 delivery) stabi…

Read More