May 7, 2026

Oil Prices Retreat 7% at Settlement

Kuwait: Oil prices fell by more than 7 percent at settlement today. Brent crude futures settled down $8.60, or 7.83 percent, at $101.27 a barrel, while U.S. crude futures settled down $7.19, or 7.03 percent, at $95.08 a barrel.

According to Qatar Ne…

Global Debt Reaches Record $353 Trillion in March

Kuwait: The Institute of International Finance revealed that global debt reached a record high of around $353 trillion by the end of last March. In its quarterly Global Debt Monitor report, the institute said there were signs that investors were movin…