The price of oil went up by 44 cents to USD 51.08 per barrel Tuesday after being at USD 50.64 pb the day before, said Kuwait Petroleum Corporation (KPC) Wednesday.
At the global, the prices stabilized due to statements by Saudi Arabia that it will abide by the OPEC agreement to reduce production despite expectation that US production of oil will increase this year, Kuwait News Agency (KUNA) reported.
The Brent Crude went down to 39 cents to settle at USD 55.47 per barrel, the same case with the West Texas Intermediate 11 cents to USD 52.48 pb.
GMT 18:36 2017 Tuesday ,26 December
Scenting a recovery, oil producers ratchet up spendingGMT 20:43 2017 Monday ,25 December
Oil markets will witness balance in 2018: Iraqi Oil MinisterGMT 16:17 2017 Sunday ,24 December
Iraq invites bids for new oil pipelineGMT 14:26 2017 Friday ,22 December
Energy prices bump key US inflation index up in NovemberGMT 17:59 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 17:31 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 15:30 2017 Wednesday ,29 November
Shell resumes all-cash dividend as oil price recoversGMT 13:22 2017 Sunday ,26 November
Chinese demand teaser to weigh on Vienna oil summitMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor