
Price of Kuwaiti crude oil dropped 60 cents settling at USD 103.73 per barrel (pb) on Friday compared to USD 104.40 pb in Thursday's trades, Kuwait Petroleum Corporation (KPC) said in a statement on Saturday. Meanwhile, prices of the crude oil on the international markets have not been stable, while the Brent crude fell. While traders forecast slowness in hike of reserves, prices of forward contracts for the American crude rose on Friday. The increase of the American crude and fall of the Brent narrowed the margin between the two main crudes, where the Brent came under pressures due to reports that the Scottish Grangemouth refinery would remain open -- thus the North Sea crude would continue flowing. Price of the American crude rose 74 cents upon settlement, reaching USD 97. 85 pb but ended the week with a three percent loss, the third incurred loss in a week. Meanwhile, prices of the forward deals of the Brent, for the December delivery, fell six cents reaching USD 106.93 pb, falling for the third consecutive day, also posting losses for the second week in a row.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summit
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor