Market

Kuwait Oil Price Up to USD 76.75 pb

The price of Kuwaiti oil went up 47 cents to USD 76.75 pb on Wednesday, compared to USD 76.28 pb the day before, said Kuwait Petroleum Corporation (KPC) Thursday, according to Kuwait’s news agency (KUNA).

On a global scale, the

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US Crude Oil Inventories Fell Last Week

The US Energy Information Administration announced Thursday that crude oil, gasoline and distillate inventories in the United States fell last week, while gasoline inventories rose.

The administration, which is the statistical arm of the US Departmen…

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