May 8, 2025

Kuwait Oil Price Up USD 3.1%

Doha: Kuwait crude oil rose USD 1.97, or 3.1%, during Wednesday’s trading to reach USD 64.05 per barrel (pb) compared with USD 62.08 pb the day before, Kuwait Petroleum Corporation (KPC) said Thursday.

According to Qatar News Agency, Brent futures d…

China’s Central Bank Lowers Reverse Repo Rate by 0.1%

Beijing: The People’s Bank of China (PBOC), the country’s central bank, has announced a reduction in the rate for the seven-day reverse repos by 0.1 percentage points as part of its efforts to inject liquidity into the banking system.

According to Q…