Market

US Oil Inventories Rise Last Week, Data Shows

The US Energy Information Administration (EIA) announced today an increase in crude oil, gasoline, and distillate inventories in the US over the past week.

The EIA, which serves as the statistical arm of the US Department of Energy, said in a report …

Kuwait Bourse Closes Thursday Trading Higher

Kuwait Stock Exchange closed its trading today as the All Share Index gained 11.55 points to reach 7,158.56 points, an increase of 0.16 percent.

An enormous 273.3 million shares worth KWD 51.8 million (roughly USD 157.9 million) were traded via 16,26…

Oil Prices Rise 1% on US Hurricane Impact Concerns

Oil prices rose more than 1% on Thursday, spurred by concerns of Hurricane Francine impacting output in the US, the world’s biggest crude producer, though worries of lower demand capped gains.

Brent crude futures for November were up $1, or 1.4% at $…