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Day: May 7, 2026

Oil Prices Rise as Investors Weigh Middle East Peace Prospects

Kuwait: Oil prices rose about $1 in early trade on Thursday, rebounding from the previous day’s sharp losses, as investors weighed the prospects of a Middle East peace deal succeeding. Brent crude futures were up 88 cents, or 0.9%, at $102.15 a barrel…

US Stock Markets Surge with Notable Gains on Wednesday

New york: Major US stock indexes closed higher on Wall Street at the close of Wednesday trading. The S and P 500 rose 1.46 percent, to close at 7,365.12. The Nasdaq Composite gained 2.03 percent, to finish at 25,838.943. The Dow Jones Industrial Avera…

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…

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