Browsing Tag
oil
3 posts
Oil prices rise by nearly 3% as concerns about a possible economic downturn start to recede.
The recent rebound in oil prices was largely due to a healthy US jobs report for April, which helped to ease concerns about a potential US economic recession.
Kuwaiti crude oil was traded at a price of US$83.03 per barrel.
Kuwait is the fourth-largest producer of crude oil in the world, and its price movements have a direct effect on global oil markets. Kuwaiti crude oil
Markets shaken by banking concerns, causing 2% drop in oil prices
Brent crude futures dropped $2.01, or 2.4%, to $80.77. Earlier in the day, the global benchmark hit a…
