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Day: September 20, 2024

Oil Heads for Weekly Gain after Fed Rate Cut

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 bar…

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Kuwaiti Oil Prices Rise $1.37 a Barrel

The price of Kuwaiti oil rose $1.37 to reach $76.08 per barrel in Thursday’s trading, compared to $73.70 in trading the day before, according to the price announced by the Kuwait Petroleum Corporation (KPC).

In global markets, US West Texas Intermed…

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UN Warns of ‘Catastrophic Loss of Life’ in Sudan

The lethal combination of hunger, displacement and disease outbreaks in Sudan is creating “a perfect storm” for a catastrophic loss of lives, the United Nations warned.

The UN Office for the Coordination of Humanitarian Affairs (OCHA) said it sounde…

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